OT, No, the SEC cannot revoke on its own. They must issue the OIP that I referred to earlier and a hearing judge who is independent from the SEC will decide the revocation issue.
yep, via an hearing presided over by an administrative law judge. They give companies notice of the hearing: some ask for more time; some settle w/o a fight; some, rarely, fight (usually with lame-ass "dog at my homework" excuses; some never even respond.