The Administrator of a state's securities department strongly believes that the registration statement for a security contains a substantial amount of misleading information and that investing in the security is likely to cause immediate and egregious harm to its investors. Under the following circumstances, the Administrator may:
A) issue a stop order denying or revoking the registration statement, but must provide the applicant with the opportunity for a hearing within 15 days of the written request for such hearing.
B) not revoke or deny the registration statement until a hearing takes place.
C) revoke the registration statement, denying the applicant a hearing for an unlimited amount of time.
D) revoke or deny the registration statement and must schedule a hearing within 30 days of issuing the summary process order.