Current through Reg. 50, No. 187; September 24, 2024
The following stated penalties shall apply for violations
under section 626.621, F.S., regarding
discretionary suspension or revocation of license(s) and
appointments(s):
(1) Section
626.621(1),
F.S. - revocation.
(2) Section
626.621(2),
F.S. - suspension for 3 months.
(3)
Section 626.621(3),
F.S. - suspension for 3 months.
(4)
Section 626.621(4),
F.S. - suspension for 9 months.
(5)
Section 626.621(5),
F.S. - suspension for 6 months.
(6)
Section 626.621(6),
F.S. - see rule 69B-231.100, F.A.C.
(7) Section
626.621(7),
F.S. - suspension for 6 months.
(8)
Section 626.621(8),
F.S. - suspension for 3 months.
(9)
Section 626.621(9),
F.S. - suspension for 6 months and re-exam.
(10) Section
626.621(10),
F.S. - suspension for 3 months.
(11) Section
626.621(11),
F.S. - suspension for 6 months.
(12) Section
626.621(12),
F.S. -
(a) The maximum identical or
substantially similar penalty to the penalty imposed by the court, state or
federal agency, or national securities, commodities or options exchange or
association for the same type of violation.
1.
A penalty of revocation, removal, lifetime bar, lifetime ban, lifetime
prohibition, or its equivalent, or any suspension with a duration greater than
24 months, shall result in revocation; and,
2. A penalty of suspension with a duration of
less than 24 months shall result in a suspension of equal
duration.
(b) When
substantially similar penalties are not available, the following penalties
shall apply:
1. Penalties applicable to
warnings, fines, restitution, cease and desist orders, injunctions, censures,
probations, license denials, and licensing restrictions:
a. Suspension for 6 months when the order
does not contain allegations or findings related to monetary loss, fraud,
misappropriation, conversion, or unlawful withholding of money.
b. Suspension for 12 months when the order
contains allegations or findings related to monetary loss, fraud,
misappropriation, conversion, or unlawful withholding of
money.
2. Penalties
applicable to all other situations:
a.
Suspension for 3 months when the order does not contain allegations or findings
related to monetary loss, fraud, misappropriation, conversion, or unlawful
withholding of money.
b. Suspension
for 9 months when the order contains allegations or findings related to
monetary loss, fraud, misappropriation, conversion, or unlawful withholding of
money.
(13) Section
626.621(13),
F.S. - suspension for 6 months.
(14) Section
626.621(14),
F.S. - suspension for 6 months.
(15) Section
626.621(15),
F.S -
(a) The maximum identical or
substantially equivalent penalty to the penalty imposed by this state, any
other state, any nation, any possession or district of the United States, any
court, or any state or federal agency, for the same type of violation.
1. A penalty of revocation, removal, lifetime
bar, lifetime ban, lifetime prohibition, or its equivalent, or any suspension
with a duration greater than 24 months, shall result in revocation;
and,
2. A penalty of suspension
with a duration of less than 24 months shall result in a suspension of equal
duration.
(b) When
substantially similar penalties are not available, the following penalties
shall apply:
1. Penalties applicable to
warnings, fines, restitution, cease and desist orders, injunctions, censures,
probations, license denials, and licensing restrictions:
a. Suspension for 6 months when the order
does not contain allegations or findings related to monetary loss, fraud,
misappropriation, conversion, or unlawful withholding of money.
b. Suspension for 12 months when the order
contains allegations or findings related to monetary loss, fraud,
misappropriation, conversion, or unlawful withholding of
money.
2. Penalties
applicable to all other situations:
a.
Suspension for 3 months when the order does not contain allegations or findings
related to monetary loss, fraud, misappropriation, conversion, or unlawful
withholding of money.
b. Suspension
for 9 months when the order contains allegations or findings related to
monetary loss, fraud, misappropriation, conversion, or unlawful withholding of
money.
Rulemaking Authority
624.308(1),
626.207(8) FS.
Law Implemented 624.307(1),
624.308,
626.207,
626.621
FS.
New 7-13-93, Formerly 4-231.090, Amended 8-15-06, 3-24-14,
1-30-19.
