30-14-507. 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:
[30-14-507, added 2004, ch. 45, sec. 2, p. 210.]
Structure Idaho Code
Chapter 14 - UNIFORM SECURITIES ACT (2004)
Part 5 - FRAUD AND LIABILITIES
Section 30-14-501 - GENERAL FRAUD.
Section 30-14-502 - PROHIBITED CONDUCT IN PROVIDING INVESTMENT ADVICE.
Section 30-14-503 - EVIDENTIARY BURDEN.
Section 30-14-504 - FILING OF SALES AND ADVERTISING LITERATURE.
Section 30-14-505 - MISLEADING FILINGS.
Section 30-14-506 - MISREPRESENTATIONS CONCERNING REGISTRATION OR EXEMPTION.
Section 30-14-507 - QUALIFIED IMMUNITY.
Section 30-14-508 - CRIMINAL PENALTIES.