Massachusetts General Laws Part I. Administration of the Government (Ch. 1-182) Ch. 140, § 96A

No security, as defined in clause (k) of section four hundred and one of chapter one hundred and ten A, issued by a person licensed under section ninety-six shall be sold or advertised for sale to the public without a permit issued by the commissioner and subject to such conditions as the commissioner shall determine. The commissioner may, after notice and hearing, revoke such permit for violation of any such condition.