Or. Admin. Code § 441-225-0030 - License Conditions or Restrictions

(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.

Notes

Or. Admin. Code § 441-225-0030

FCS 9-2001, f. & cert. ef. 9-28-01

Stat. Auth.: ORS 59.285

Stats. Implemented: ORS 59.175, ORS 59.215, ORS 59.215