Section 51-7-11.5 - Certified investment advisers - Scope of and limits to authority(1) A certified investment adviser may not make any investments that are inconsistent with this chapter or rules of the council.(2) Except as provided in Subsection (3), a certified investment adviser acting on behalf of a public treasurer shall conduct investment transactions only through qualified depositories, certified dealers, or directly with issuers of the investment securities.(3) Subject to rules of the council, a certified investment adviser may use the adviser's own approved list of brokers and dealers.Amended by Chapter 338, 2017 General Session ,§ 3, eff. 5/9/2017.Amended by Chapter 254, 2007 General Session.