(a) Authority.--The commission may limit, suspend, revoke or refuse to renew a registration of an individual registered under section 3506(a) (relating to certificate of registration; issuance or denial; renewal) for conduct which would have justified refusal to issue a certificate of registration under section 3506(b).

(b) Suspension or revocation.--The commission may suspend or revoke the registration of an individual registered under section 3505(c) (relating to registration as athlete agent; application; requirements; reciprocal registration) or renewed under section 3506(e) for a reason for which the commission could have refused to grant or renew registration or for conduct which would justify refusal to issue a certificate of registration under section 3506(b).

(c) Notice and hearing.--The commission may deny, suspend, revoke, restrict or otherwise limit registration or refuse to renew a registration only after proper notice and an opportunity for a hearing in accordance with 2 Pa.C.S. Ch. 5 Subch. A (relating to practice and procedure of Commonwealth agencies).