Maine Statutes
§ 32 §16507 — Qualified immunity
A broker-dealer, agent, investment adviser, federal covered investment adviser or investment adviser representative is not liable to another broker-dealer, agent, investment adviser, federal covered investment adviser or investment adviser representative for defamation relating to a statement that is contained in a record required by the administrator or designee of the administrator, the Securities and Exchange Commission or a self-regulatory organization, unless the person knew, or should have known at the time that the statement was made, that it was false in a material respect or the person acted in reckless disregard of the statement's truth or falsity.
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Legislative History
PL 2005, c. 65, §A2 (NEW).
Nearby Sections
15
§ 32 §16501
General fraud§ 32 §16503
Evidentiary burden§ 32 §16504
Filing of sales and advertising literature§ 32 §16505
Misleading filings§ 32 §16507
Qualified immunity§ 32 §16508
Criminal penalties§ 32 §16509
Civil liability§ 32 §1651
Registration and licenses§ 32 §16510
Rescission offers§ 32 §1652
Qualifications§ 32 §1652-A
Qualifications for aestheticians§ 32 §16521
Definitions