NRS 628A.030
Liability of financial planner.

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.

Source: Section 628A.030 — Liability of financial planner., https://www.­leg.­state.­nv.­us/NRS/NRS-628A.­html#NRS628ASec030.

Last Updated

Jun. 24, 2021

§ 628A.030’s source at nv​.us