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Utah Code § 61-1-102

Definitions

Known as the Utah Uniform Securities Act

The act spans §§ 61–61 (58 sections).

Enacted by Chapter 318, 2011 General Session

As used in this part:

(1) "Adverse action" means to:

(a) discharge, threaten, or directly or indirectly harass an employee; or

(b) otherwise discriminate against an employee in any manner that affects the employee's employment, including:

(i) compensation;

(ii) terms;

(iii) conditions;

(iv) location;

(v) rights;

(vi) immunities;

(vii) promotions; or

(viii) privileges.

(2) "Covered judicial or administrative action" means a judicial or administrative action brought under this chapter that results in a monetary sanction exceeding $50,000.

(3) "Employee" means an individual who performs a service for wages or other remuneration under a contract of hire, written or oral, express or implied.

(4) "Fund" means the Securities Investor Education, Training, and Enforcement Fund created in Section 61-1-18.7.

(5) "Original information" means information that is:

(a) derived from the independent knowledge or analysis of an individual;

(b) not known to the division or commission from a source other than the individual; and

(c) unless the individual is the source of the information, not exclusively derived from:

(i) an allegation made in a judicial or administrative hearing;

(ii) a government report, hearing, audit, or investigation; or

(iii) the media.

(6) "Monetary sanction" means money required to be paid under this chapter as the result of a judicial or administrative action, including a penalty or disgorgement.

(7) "Reporter" means an individual who provides original information relating to a violation in accordance with Section 61-1-103.

Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.