Oregon Administrative Rules
Chapter 441 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, FINANCE AND SECURITIES REGULATION
Division 225 - CANCELLATION, WITHDRAWAL, OR SUSPENSION OF LICENSE
Section 441-225-0030 - License Conditions or Restrictions
Universal Citation: OR Admin Rules 441-225-0030
Current through Register Vol. 63, No. 3, March 1, 2024
(1) If the Director makes a finding as specified in ORS 59.205 or 59.215 and determines, in the public interest, that the license of an applicant should be conditioned or restricted, the Director may issue the license:
(a) Under the condition that the licensee be
subject to heightened supervision by the employing firm for a specified period
of time;
(b) Under the condition
that the licensee retake and pass a specified competency examination within a
specified period of time;
(c)
Limiting the licensee to conducting business in a specified area of the
industry;
(d) Restricting the
licensee from conducting business in a specified area of the industry;
or
(e) Restricting the licensee
from acting as a supervisor for salespersons or investment adviser
representatives conducting business in Oregon.
(2) If the Director makes a finding as specified in ORS 59.205 or 59.215 and determines, in the public interest, that the license of a licensee should be conditioned or restricted, the Director may issue an order modifying the license:
(a) To impose a condition that the licensee
is subject to heightened supervision by the employing firm for a specified
period of time;
(b) To impose a
condition that the licensee retake and pass a specified competency examination
within a specified period of time;
(c) To limit the licensee to conducting
business in a specified area of the industry;
(d) To restrict the licensee from conducting
business in a specified area of the industry; or
(e) To restrict the licensee from acting as a
supervisor for salespersons or investment adviser representatives conducting
business in Oregon.
Stat. Auth.: ORS 59.285
Stats. Implemented: ORS 59.175, ORS 59.215, ORS 59.215
Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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