Subject to the hearing provisions of Title 2 of this article, the Commissioner may suspend or revoke a license if the licensee: has violated this article; has violated any law while acting as an adviser; has made a material misstatement in the application for the license; has been guilty of fraudulent or dishonest practices; or has demonstrated incompetency or untrustworthiness to act as an adviser. Any licensee or any person aggrieved may file with the Commissioner a verified complaint that states facts that show sufficient grounds to suspend or revoke a license. On the filing of a complaint, the Commissioner, after notice and hearing, shall determine whether to suspend or revoke the license. An adviser whose license has been revoked may not obtain another license or renew a license for at least 1 year after: the date of revocation, if there is no judicial review; or the final determination in the judicial proceeding confirming the revocation, if there is judicial review.