Effective 5/8/2018 61-1-202. Governmental and third party disclosures. (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: (a) shall promptly notify the division and Adult Protective […]
Effective 5/8/2018 61-1-203. Immunity for governmental and third party disclosures. A broker-dealer, an investment adviser, or a qualified individual who, in good faith and exercising reasonable care, notifies the division, Adult Protective Services, or a third party, in accordance with Section 61-1-202, is immune from administrative or civil liability that might otherwise arise from the […]
Effective 5/8/2018 61-1-204. Delaying disbursements or transactions. (1) A broker-dealer or an investment adviser may delay a disbursement or transaction from an eligible adult’s account or from an account on which the eligible adult is a beneficiary, if the broker-dealer or investment adviser: (a) suspects that the disbursement or transaction may result in the financial […]
Effective 5/8/2018 61-1-205. Immunity for delaying disbursements or transactions. A broker-dealer or investment adviser who, in good faith and exercising reasonable care, delays a disbursement or transaction in accordance with Section 61-1-204 is immune from administrative or civil liability that might otherwise arise from the delay. Enacted by Chapter 159, 2018 General Session
Effective 5/8/2018 61-1-206. Records. (1) Upon request, a broker-dealer or investment adviser shall provide access to or a copy of any record, including a historical record, that is relevant to the suspected or attempted financial exploitation of an eligible adult to Adult Protective Services or a law enforcement agency. (2) For purposes of Title 63G, […]
