Utah Statutes
§ 61-1-202 — Governmental and third party disclosures.
Utah·Title 61 Securities Division - Real Estate Division·Ch. 61-1 Utah Uniform Securities Act·Part 61-1-2 Protection of Vulnerable Adults from Financial Exploitation Act
(1)If a broker-dealer, an investment adviser, or a qualified individual reasonably believes that a person has engaged in or attempted to engage in the financial exploitation of an eligible adult, the broker-dealer, investment adviser, or qualified individual:
(1)(a) shall promptly notify the division and Adult Protective Services; and
(1)(b) subject to Subsection (2), may notify a person previously designated by the eligible adult, a person allowed to receive notification under applicable law or any customer agreement, or an individual reasonably associated with the eligible adult.
(2)A broker-dealer, an investment adviser, or a qualified individual may not notify a third party under Subsection (1)(b) if the third party is suspected of engaging in the financial exploitation of the eligi
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Legislative History
Enacted by Chapter 159, 2018 General Session
Nearby Sections
15
§ 61-1-1
Fraud unlawful.§ 61-1-10
Registration by qualification.§ 61-1-101
Title.§ 61-1-102
Definitions.§ 61-1-103
Procedure for disclosure.§ 61-1-105
Remedies for employee bringing action.§ 61-1-106
Award for reporter.§ 61-1-13
Definitions.§ 61-1-14
Exemptions.