Section 6.1.4: Consequences of Repeated Violations

A pattern of repeated violations of Section 6.1.1(b) exists when a Participant allows any combination of three or more violations of Section 6.1.1(b), whether the Participant is aware of the violations and whether committed by one fee-waived licensee or more; or when a subscriber/user commits three or more violations of Section 6.1.1(b). In the event that a Participant, fee-waived licensee or subscriber/user exhibits a pattern of repeated violations of Section 6.1.1(b), Shareholder or subscriber association may suspend all fee waivers for the Participant or licensee (or both) for a period of up to three years. If, after such a period of suspension, a Participant or licensee again exhibits a pattern of repeated violations, Shareholder or subscriber association may permanently terminate fee waivers for the Participant or licensee (or both). In the event a Participant or licensee subject to suspension or termination of waivers moves to a new office as a Participant, that office shall be ineligible for waivers during the pendency of its Participant’s suspension or termination. In the event a Participant or licensee subject to suspension or termination of waivers moves to a new office as a non-principal licensee, that non-principal licensee shall be ineligible for waivers during the pendency of his or her suspension or termination.

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