17-12a507.   Qualified immunity.A broker-dealer, agent, investment adviser,federal covered investment adviser, or investment adviserrepresentative is not liable to another broker-dealer, agent,investment adviser, federal covered investment adviser, orinvestment adviser representative for defamation relating to astatement that is contained in a record required by theadministrator, or designee of the administrator, the securities andexchange commission, or a self-regulatory organization, unless theperson knew, or should have known at the time that the statement wasmade, that it was false in a material respect or the person actedin reckless disregard of the statement's truth or falsity.

      History:   L. 2004, ch. 154, § 36; July 1, 2005.