The commissioner may immediately revoke by order the certificate of any broker-dealer if the broker-dealer fails to comply with any currently effective order of the commissioner which is necessary for the protection of any investor, unless the broker-dealer secures a court order restraining the enforcement of the commissioner’s revocation order within 10 days of the date the order is issued.
Cal. Corp. Code § 25212.1
Licensing of Agents and Broker-Dealers
Known as the Corporate Securities Law
The act spans §§ 25000–25707 (201 sections).
Amended by Stats. 2002, Ch. 772, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.