Intermediary registration suspension: failure to exercise due diligence permits regulatory action, subject to applicable procedural safeguards. The Board may initiate action to suspend or cancel the certificate of registration of any intermediary under section 12 for failure to exercise due diligence or comply with regulatory obligations; however, suspension or cancellation may not occur unless the procedure specified in the regulations applicable to that intermediary is complied with.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Intermediary registration suspension: failure to exercise due diligence permits regulatory action, subject to applicable procedural safeguards.
The Board may initiate action to suspend or cancel the certificate of registration of any intermediary under section 12 for failure to exercise due diligence or comply with regulatory obligations; however, suspension or cancellation may not occur unless the procedure specified in the regulations applicable to that intermediary is complied with.
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