90.590 - Prohibited transactions by investment advisers and representatives of investment advisers.
90.590 Prohibited transactions by investment advisers and representatives of investment advisers. It is unlawful for an investment adviser, representative of an investment adviser or other person who represents an investment adviser in performing an act that requires licensing as an investment adviser under this chapter, directly or indirectly, to:
1. Employ a device, scheme or artifice to defraud a client; or
2. Engage in an act, practice or course of business that operates or would operate as a fraud or deceit upon a client.
(Added to NRS by 1987, 2178; A 1989, 160; 1995, 1450)