Sec. 29.5. If the commissioner receives a copy of a final order from the securities commissioner under IC 23-19-6-4 (h), the commissioner shall: (1) determine whether the person who is the subject of the final order is licensed by the department under this chapter; and (2) if the person is licensed under this chapter, institute proceedings to determine whether the person's license should be suspended or revoked. The determination under subdivision (2) may be based solely on the final order by the securities commissioner.
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