Section 110-RICR-20-00-2.8 - Grounds for Denial of Application for License or Renewal of License and for Suspension and Revocation of LicensesA. The Attorney General may deny an application upon a finding that the applicant or any partner, officer, director, or shareholder owning a ten percent (10%) or greater interest in the applicant (provided it is not a publicly traded corporation), has done any of the following: 1. violated any provisions of the Act or these Rules and Regulations;2. committed any act which would disqualify the applicant or its agents;3. practiced fraud, deceit or misrepresentation;4. made a material misstatement in any application;5. demonstrated incompetence or untrustworthiness in actions affecting the conduct of its business; or6. failed to meet the license qualifications in the Act.B. The Attorney General may suspend or revoke any license if the licensee (or any agent, partner, officer, director or shareholder owning a ten percent (10%) or greater interest in the licensee, provided it is not a publicly traded corporation) has done any of the following: 1. violated any provisions of the Act or these rules and regulations.2. practiced fraud, deceit or misrepresentation;3. made a material misstatement in the application for or renewal of the license;4. committed any act which would render it unqualified for a license as provided in R.I. Gen. Laws § 5-5.1-8; or5. demonstrated incompetence or untrustworthiness in actions affecting the conduct of the private security guard business.110 R.I. Code R. 110-RICR-20-00-2.8