Refusal to grant certificate requires portfolio managers to cease portfolio management activities upon receipt of the refusal communication. A refusal to grant a portfolio manager certificate requires the applicant, from the date of receipt of the refusal communication, to cease to carry on any activity as a portfolio manager; the prohibition operates automatically pending any further regulatory action.
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.
Refusal to grant certificate requires portfolio managers to cease portfolio management activities upon receipt of the refusal communication.
A refusal to grant a portfolio manager certificate requires the applicant, from the date of receipt of the refusal communication, to cease to carry on any activity as a portfolio manager; the prohibition operates automatically pending any further regulatory action.
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