502.507 - QUALIFIED IMMUNITY. - Iowa Statutes

502.507 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.          Section History: Early Form [C77, 79, 81, § 502.507]          Section History: Recent Form 2004 Acts, ch 1161, §46, 68