Failure to furnish requested information or evidence of compliance and/or the failure of any issuer, dealer, salesman, or interested person to comply with any rule or order:

1. (1) May result in an application for registration being denied; or
2. (2) If a registration has been approved, an order of revocation may lie requiring a rescission offer to be made to all purchasers.

History Note: Authority G.S. 78A‑29(b)(2); 78A‑49(a);
Eff. April 1, 1981;
Amended Eff. January 1, 1984;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.