Liability of financial planner.
Nev. Rev. Stat. § 628A.030
in effect1. If loss results from following a financial planners advice under any of the circumstances listed in subsection 2, the client may recover from the financial planner in a civil action the amount of the economic loss and all costs of litigation and attorneys fees.
2. The circumstances giving rise to liability of a financial planner are that the financial planner:
(a) Violated any element of his or her fiduciary duty;
(b) Was grossly negligent in selecting the course of action advised, in the light of all the clients circumstances known to the financial planner; or
(c) Violated any law of this State in recommending the investment or service.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-628A.htmlFetched: 10/4/2026