7.2.2. Sanctions Against Broker-Dealers
The SEC may censure, suspend up to 12 months, or revoke the registration of any broker-dealer, if the Commission judges it to be in the public interest and if the broker-dealer or any associated person has done any of the following:
•Made false or misleading statements in any application for registration or any proceeding before the SEC with respect to registration
•Been convicted of a felony or misdemeanor, within ten years of filing for registration, involving the purchase or sale of a security or taking a false oath, making a false report, bribery, perjury, or burglary with respect to securities
•Been convicted of any felony or misdemeanor, within ten years of filing for registration, involving larceny, theft, extortion, forgery, counterfeiting, or misappropriation of securities
•Been enjoined by any court from acting as an investment adviser