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The Virginia Commission wants in 2026 to keep an individual out of management at any licensee. What process is required before barring the person from licensee management?

Correct Answer

A) It may bar the person after notice and an opportunity for hearing

After providing notice and an opportunity for a hearing, the Commission may censure a person, suspend a person for a defined period from any position of employment, management or control of any licensee, or bar a person from such a position. Other choices: the section reaches individuals; notice and a hearing come first; and a conviction is one of several grounds rather than a precondition. Source: Va. Code § 6.2-1620(A)

Answer Options
A
It may bar the person after notice and an opportunity for hearing
B
It may bar the person immediately, since a bar protects the public from ongoing harm
C
It may bar the person only where a criminal conviction exists
D
It may act only against the licensee, because the chapter licenses firms rather than individuals

Why This Is the Correct Answer

After providing notice and an opportunity for a hearing, the Commission may censure a person, suspend a person for a defined period from any position of employment, management or control of any licensee, or bar a person from such a position. Other choices: the section reaches individuals; notice and a hearing come first; and a conviction is one of several grounds rather than a precondition. Source: Va. Code § 6.2-1620(A)

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