Under what conditions can the state Administrator disqualify a person from registration?

The state Administrator has the authority to disqualify a person from registration based on reasons found in state law. This encompasses various criteria that are outlined within the legal framework governing securities and registration. Such reasons typically include criminal convictions, securities law violations, fraud, dishonesty, or misconduct in the financial industry that would disqualify an individual from holding a registration.

This structured approach ensures that the decisions made by the Administrator are based on established legal standards rather than subjective judgments or personal opinions. The existence of specific statutory guidelines helps maintain consistency, fairness, and transparency in the registration process. Thus, the correct answer reflects the legal basis upon which disqualifications can occur, aligning with the intent of regulatory frameworks to protect investors and ensure integrity within the financial markets.