As used in this part:

(1) “Adverse action” means to:

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Terms Used In Utah Code 61-1-102

  • Allegation: something that someone says happened.
  • Commission: means the Securities Commission created in Section Utah Code 61-1-13
  • Contract: A legal written agreement that becomes binding when signed.
  • Division: means the Division of Securities established by Section 61-1-18. See Utah Code 61-1-13
  • Employee: means an individual who performs a service for wages or other remuneration under a contract of hire, written or oral, express or implied. See Utah Code 61-1-102
  • Fund: means the Securities Investor Education, Training, and Enforcement Fund created in Section Utah Code 61-1-102
  • Monetary sanction: means money required to be paid under this chapter as the result of a judicial or administrative action, including a penalty or disgorgement. See Utah Code 61-1-102
  • Original information: means information that is:
         (5)(a) derived from the independent knowledge or analysis of an individual;
         (5)(b) not known to the division or commission from a source other than the individual; and
         (5)(c) unless the individual is the source of the information, not exclusively derived from:
              (5)(c)(i) an allegation made in a judicial or administrative hearing;
              (5)(c)(ii) a government report, hearing, audit, or investigation; or
              (5)(c)(iii) the media. See Utah Code 61-1-102
     (1)(a) discharge, threaten, or directly or indirectly harass an employee; or
     (1)(b) otherwise discriminate against an employee in any manner that affects the employee’s employment, including:

          (1)(b)(i) compensation;
          (1)(b)(ii) terms;
          (1)(b)(iii) conditions;
          (1)(b)(iv) location;
          (1)(b)(v) rights;
          (1)(b)(vi) immunities;
          (1)(b)(vii) promotions; or
          (1)(b)(viii) privileges.
(2) “Covered judicial or administrative action” means a judicial or administrative action brought under this chapter that results in a monetary sanction exceeding $50,000.
(3) “Employee” means an individual who performs a service for wages or other remuneration under a contract of hire, written or oral, express or implied.
(4) “Fund” means the Securities Investor Education, Training, and Enforcement Fund created in Section 61-1-18.7.
(5) “Original information” means information that is:

     (5)(a) derived from the independent knowledge or analysis of an individual;
     (5)(b) not known to the division or commission from a source other than the individual; and
     (5)(c) unless the individual is the source of the information, not exclusively derived from:

          (5)(c)(i) an allegation made in a judicial or administrative hearing;
          (5)(c)(ii) a government report, hearing, audit, or investigation; or
          (5)(c)(iii) the media.
(6) “Monetary sanction” means money required to be paid under this chapter as the result of a judicial or administrative action, including a penalty or disgorgement.
(7) “Reporter” means an individual who provides original information relating to a violation in accordance with Section 61-1-103.

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