Nev. Rev. Stat. » NRS: CHAPTER 90 - SECURITIES (UNIFORM ACT)
Nevada Revised Statutes

Nev. Rev. Stat. § 90.575 (2026)

Fiduciary duty of broker-dealers, sales representatives, investment advisers and representatives of investment advisers; regulations

✓ current as of July 2026
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NRS 90.575  Fiduciary duty of broker-dealers, sales representatives, investment advisers and representatives of investment advisers; regulations.

      1.  A broker-dealer, sales representative, investment adviser or representative of an investment adviser shall not violate the fiduciary duty toward a client imposed by NRS 628A.020.

      2.  The Administrator may by regulation:

      (a) Define or exclude an act, practice or course of business of a broker-dealer, sales representative, investment adviser or representative of an investment adviser as a violation of the fiduciary duty toward a client imposed by NRS 628A.020; and

      (b) Prescribe means reasonably designed to prevent broker-dealers, sales representatives, investment advisers and representatives of investment advisers from engaging in acts, practices and courses of business defined as a violation of such fiduciary duty.

      (Added to NRS by 2017, 1797)

     

Notes of Decisions
Cited in 1 case (1 in the last 5 years), 2023–2023 · leading case: Robinhood Fin. LLC v. Sec'y of the Commonwealth (Mass. 2023).
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Robinhood Fin. LLC v. Sec'y of the Commonwealth (Mass. 2023). “cc/ 7WFL-RVTT], citing Nev. Rev. Stat. § 90.575 . The Nevada Secretary of State proposed regulations pursuant to the Nevada law in January 2019 that would provide that "[a] broker-dealer or a sales representative who provides investment advice to clients, manages assets,…”
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