Code of Federal Regulations Title 27. Alcohol, Tobacco Products and Firearms § 27.19.678 Criteria for issuance of permit

(a) The applicant (including, in the case of a corporation, any officer, director, or principal stockholder, and, in the case of a partnership, a partner) is, by reason of business experience, financial standing, or trade connections, not likely to maintain operations in compliance with 26 U.S.C. chapter 51, or the regulations issued thereunder;

(b) The applicant failed to disclose any material information required with the application, or has made any false statement as to any material fact in connection with the application;  or

(c) The premises where the applicant proposes to conduct the operations are not adequate to protect the revenue.