Rule 30-1502-3.1 - Grounds for Disciplinary Action1. In accordance with the laws of this state, and to the extent permitted by any applicable federal legislation or regulation, the Board may censure an AMC, conditionally or unconditionally suspend or revoke any registration issued, or deny renewal of any registration issued, or levy fines or impose civil penalties not to exceed Five Thousand Dollars ($5,000.00), if after appropriate investigation the Board concludes that an AMC is attempting to perform, has performed, or has attempted to perform any of the following acts: (a) Committed any act in violation of the Board's laws; (b) Violated any rule or regulation adopted by the Board in the interest of the public and consistent with the provisions of the Board's laws; or (c) Procured a registration for itself or any other person by fraud, misrepresentation or deceit. 2. The Board may also deny issuance of a registration to an applicant on any of the grounds set forth above. 30 Miss. Code. R. 1502-3.1
Miss. Code Ann. §§ 73-34-35(2), 73-34-29 & 73-34-41 (Rev. 2012).