17-12a507. Qualified immunity.
17-12a507
17-12a507. Qualified immunity.
A broker-dealer, agent, investment adviser,
federal covered investment adviser, or investment adviser
representative is not liable to another broker-dealer, agent,
investment adviser, federal covered investment adviser, or
investment adviser representative for defamation relating to a
statement that is contained in a record required by the
administrator, or designee of the administrator, the securities and
exchange commission, or a self-regulatory organization, unless the
person knew, or should have known at the time that the statement was
made, that it was false in a material respect or the person acted
in reckless disregard of the statement's truth or falsity.
History: L. 2004, ch. 154, § 36; July 1, 2005.