Nev. Rev. Stat. § 628A.030

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 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.

NRS 628A.030

Added to NRS by 1993, 1372