Section 401.020. Professional responsibility

For the purposes of any action or proceeding initiated by the Commission, under 2 Pa.C.S. § 503 (relating to discipline), 1 Pa. Code § 31.28 (relating to suspension and disbarment) or under any other applicable rules of practice adopted by the Commission, the phrase ‘‘act, practice or course of business’’ as used in this chapter shall include a statement, opinion, report or service by an attorney, accountant, engineer, appraiser or other professional person who examines, renders or produces a statement, opinion, report or service if such professional person knew or in the exercise of reasonable care should have known that such statement, opinion, report or service materially aided or abetted a violation of the act or the regulations adopted thereunder.

The provisions of this § 401.020 adopted April 26, 1975, effective April 27, 1975, 5 Pa.B. 980; transferred and renumbered from 64 Pa. Code § 401.020, December 14, 2012, effective December 15, 2012, 42 Pa.B. 7533. Immediately preceding text appears at serial pages (317633) to (317634).

Notation

Cross References

This section cited in 10 Pa. Code § 609.010 (relating to use of prospective financial statements).