Recent Legislative Updates

Fiduciary Duty and Senior Designations

Nevada State Senate Bill 383 ("SB 383"), effective July 1, 2017, imposes a statutory fiduciary duty as set forth in Chapter 628A of the Nevada Revised Statutes on Broker-Dealers, Sales Representatives, Investment Advisers, and Representatives of Investment Advisers.  This bill can be found by accessing the following link:

**NEW** Courtesy Notice of Video Conference to Carson City Workshop to Solicit Comments on Proposed Regulations

As a courtesy, the proceedings set forth in the below notice (previously noticed on September 8, 2017) will be video cast to the Legislative Building in Carson City, Nevada, Hearing Room 2134, 401 South Carson Street.  In the event technical difficulties prevent these proceedings from being video cast, the Office of the Secretary of State, Securities Division, at its discretion, may conduct the meeting without the proceedings being video cast.  


Notice of Workshop to Solicit Comments on Proposed Regulations and Agenda for SB 383:


Nevada State Senate Bill 28 (“SB 28”), effective July 1, 2013, prohibits the unethical or dishonest practice in the securities business of utilizing certain “senior designation” certifications, as well as other unethical conduct. SB 28 also modifies the information that may be considered during licensing proceedings, and makes it a specific violation of Nevada securities laws to provide any materially false, fraudulent or fictitious statement during an investigation. For these and other changes to the Nevada Uniform Securities Act, see the complete copy of SB 28 as enrolled, at the following web address:

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