By order, the Commissioner may cancel a registration or application, if the Commissioner finds that the applicant or registrant: Has abandoned the application; Is no longer in existence; Has ceased to do business as a broker-dealer, agent, investment adviser, or investment adviser representative; Is subject to an adjudication of mental incompetence or the control of a committee, conservator, or guardian; or Cannot be located after reasonable search. The Commissioner may deem abandoned a notice filing that a federal covered adviser has filed under § 11-405 of this subtitle, if the Commissioner finds that the federal covered adviser: Has abandoned the notice filing; Is no longer in existence; Has ceased to do business as a federal covered adviser; Is subject to adjudication of mental incompetence or to the control of a committee, conservator, or guardian; or Cannot be located after a reasonable search.