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Nevada Revised Statutes Title 54. Professions, Occupations and Businesses § 628A.030. Liability of financial planner

Current as of January 01, 2025 | Updated by Findlaw Staff

1. If loss results from following a financial planner's advice under any of the circumstances listed in subsection 2, the client may recover from the financial planner in a civil action the amount of the economic loss and all costs of litigation and attorney's fees.

2. The circumstances giving rise to liability of a financial planner are that the financial planner:

(a) Violated any element of his or her fiduciary duty;

(b) Was grossly negligent in selecting the course of action advised, in the light of all the client's circumstances known to the financial planner; or

(c) Violated any law of this State in recommending the investment or service.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 54. Professions, Occupations and Businesses § 628A.030. Liability of financial planner - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-54-professions-occupations-and-businesses/nv-rev-st-628a-030/

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