§ 5507.
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/vt/title-9/chapter-150/5507A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 5507. 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 Commissioner, or 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.
(Added 2005, No. 11, § 1, eff. July 1, 2006.)