No person shall write the testimony of a witness, record the testimony of a witness, or act as magistrate in taking the same, if:
I. Such person is a party to the action;
II. Such person is a relative, employee, or attorney of a party to the action;
III. Such person has a financial interest in the action or its outcome;
IV. Such person has entered into an arrangement with a person or entity which has a financial interest in the action or its outcome, where the arrangement purports to create a relationship in which the person transcribing the deposition or recording the deposition will be providing exclusive deposition transcribing or deposition recording services for the interested person or entity; or
V. Such person is employed by or is an independent contractor working for a person or entity which has entered into an arrangement with a person or entity which has a financial interest in the action or its outcome, where the arrangement purports to create a relationship in which the person's employer will be providing exclusive deposition transcribing or deposition recording services for the interested person or entity.