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Code · Utah · Title 61 — Securities Division - Real Estate Division · Chapter 1

61-1-104. Reporter protected from adverse action -- Exceptions.

258 words·~1 min read·/ut/title-61/chapter-1/61-1-104·

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61-1-104. Reporter protected from adverse action -- Exceptions.
(1)An employer may not take adverse action against an employee who is a reporter because of a lawful act of the employee, or a person authorized to act on behalf of the employee, to:
(a)provide original information to the division or commission in accordance with Section 61-1-103 ;
(b)initiate, testify in, or assist in any investigation, judicial action, or administrative action based on or related to original information provided to the division or commission;
(c)disclose information required or protected under:
(i)Sarbanes-Oxley Act of 2002, 15 U.S.C. Sec. 7201 et seq.;
(ii)Securities Exchange Act of 1934, 15 U.S.C. Sec. 78a et seq.;
(iii)18 U.S.C. Sec. 1513(e);
(iv)a regulation issued by the Securities Exchange Commission; or
(v)this chapter or a rule made under this chapter.
(2)Notwithstanding Subsection
(1), an employee is not protected under this section if:
(a)the employee knowingly or recklessly makes a false, fictitious, or fraudulent statement or misrepresentation;
(b)the employee uses a false writing or document knowing that, or with reckless disregard as to whether, the writing or document contains false, fictitious, or fraudulent information;
(c)the employee knows that, or has a reckless disregard as to whether, the disclosure is of original information that is false or frivolous; or
(d)the employee is protected from adverse action as described in Section 21F of the Securities Exchange Act, 15 U.S.C. Sec. 78u-6, and regulations issued under that section.
Amended by Chapter 366 , 2012 General Session
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