Nevada Revised Statutes 90.575 – Fiduciary duty of broker-dealers, sales representatives, investment advisers and representatives of investment advisers; regulations
Current as of: 2023 | Check for updates
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1. A broker-dealer, sales representative, investment adviser or representative of an investment adviser shall not violate the fiduciary duty toward a client imposed by NRS 628A.020.
Terms Used In Nevada Revised Statutes 90.575
- Fiduciary: A trustee, executor, or administrator.
2. The Administrator may by regulation:
(a) Define or exclude an act, practice or course of business of a broker-dealer, sales representative, investment adviser or representative of an investment adviser as a violation of the fiduciary duty toward a client imposed by NRS 628A.020; and
(b) Prescribe means reasonably designed to prevent broker-dealers, sales representatives, investment advisers and representatives of investment advisers from engaging in acts, practices and courses of business defined as a violation of such fiduciary duty.