Ala. Code § 8-6-24: Liability for Acts Done or Omitted in Good Faith Under Rules, Forms, or Orders.

No provision of this article imposing any liability applies to any act done or omitted in good faith in conformity with any rule, form, or order of the Securities Commission, notwithstanding that the rule or form may later be amended or rescinded or be determined by judicial or other authority to be invalid for any reason.