Oregon Department of Consumer and Business Services, Finance and Securities Regulation

Rule Rule 441-225-0030
License Conditions or Restrictions


(1)

If the Director makes a finding as specified in ORS 59.205 (Grounds for denying, suspending, revoking or imposing condition or restriction on license) or 59.215 (Action against applicant or licensee for act or omission of associate) 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 (Grounds for denying, suspending, revoking or imposing condition or restriction on license) or 59.215 (Action against applicant or licensee for act or omission of associate) 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.
Source

Last accessed
Jun. 8, 2021