[§485A-507] Qualified immunity. A broker-dealer, agent, investment adviser, federal covered investment adviser, or investment adviser representative shall not be 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 or filed with the commissioner or a designee of the commissioner, 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. [L 2006, c 229, pt of §1]
Section: Previous 485a-412 485a-501 485a-502 485a-503 485a-504 485a-505 485a-506 485a-507 485a-508 485a-509 485a-510 485a-601 485a-602 485a-603 485a-603.5 NextLast modified: October 27, 2016