2013 Nevada Revised Statutes
Chapter 628A - Financial Planners
NRS 628A.030 - Liability of financial planner.
1. If loss results from following a financial planner s advice under any of the circumstances listed in subsection 2, the client may recover from the financial planner in a civil action the amount of the economic loss and all costs of litigation and attorney s fees.
2. The circumstances giving rise to liability of a financial planner are that the financial planner:
(a) Violated any element of his or her fiduciary duty;
(b) Was grossly negligent in selecting the course of action advised, in the light of all the client s circumstances known to the financial planner; or
(c) Violated any law of this State in recommending the investment or service.
(Added to NRS by 1993, 1372)
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
