A license granted under this subchapter may be suspended or revoked for any of the following reasons:
(A) Any fraud or misrepresentation contained in the license application;
(B) Any fraud, misrepresentation or false statement made in connection with the business being conducted under the license;
(C) Any violation of this subchapter;
(D) Conviction of the licensee of any felony or conviction of the licensee of any misdemeanor involving moral turpitude; or
(E) Conducting the business licensed in an unlawful manner or in such a way as to constitute a menace to the health, safety, morals or general welfare of the public.