§ 388. Suspension and revocation of registrations. The secretary of
state shall have the power to revoke or suspend any registration or deny
any registration upon proof (a) that the applicant or registrant has
violated any of the provisions of this article or the rules and
regulations promulgated hereunder; (b) that the applicant or registrant
has practiced fraud, deceit or misrepresentation; or (c) that the
applicant or registrant has made a false statement in the notice of
registration.