§ 11-51-1003 — Governmental disclosures - immunity

Colorado § 11-51-1003

• Jurisdiction: Colorado
• Title 11: Financial
• Art.: Securities

Text

(1) If a qualified
individual, while acting within the scope of employment, reasonably believes that
financial exploitation of an eligible adult may have occurred, may have been
attempted, or may be or is being attempted, the broker-dealer or investment
adviser shall promptly notify the commissioner of securities appointed pursuant to
section 11-51-701. The securities commissioner shall forward a copy of the report
within one business day to local law enforcement and to the county department of
human or social services handling adult protective services.

(2) A qualified individual who, in good faith and exercising reasonable care,
makes a disclosure of information pursuant to this section is immune from
administrative or civil liability that might otherwise arise from the disclosure or for
any failure to notify the customer of the disclosure.

Legislative History

Source: L. 2017: Entire part added, (HB 17-1253), ch. 289, p. 1605, � 2, effective July 1.