{"data":{"id":"us-nm/10-11-133.1","jurisdiction":"us-nm","citation":"10-11-133.1","heading":"Disclosure of third-party marketers; penalty.","body":"A. The retirement board shall not make any investment, other than investments in publicly traded equities or publicly traded fixed-income securities, unless the recipient of the investment discloses the identity of any third-party marketer who rendered services on behalf of the recipient in obtaining the investment and also discloses the amount of any fee, commission or retainer paid to the third-party marketer for the services rendered.\nB. Information disclosed pursuant to Subsection A of this section shall be included in the quarterly performance reports of the retirement board.\nC. Any person who knowingly withholds information required by Subsection A of this section is guilty of a fourth degree felony and shall be punished by a fine of not more than twenty thousand dollars ($20,000) or by imprisonment for a definite term not to exceed eighteen months or both.\nD. As used in this section, \"third-party marketer\" means a person who, on behalf of an investment fund manager or other person seeking an investment from the fund and under a written or implied agreement, receives a fee, commission or retainer for such services from the person seeking an investment from the fund.","path":["Chapter 10 - Public Officers and Employees","ARTICLE 11 Retirement of Public Officers and Employees Generally"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18510/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"1a46253854634e5f0f4e31cb4328e62683790b4f508f909025abd70ba87f5486","source_id":"us-nm","stale":false,"prev":"us-nm/10-11-133","next":"us-nm/10-11-134"},"notice":"GroundRules: Original legal text. Not legal advice."}