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4043 Since the National Association of Securities Dealers acts under the aegis of the Securities and Exchange Commission pursuant to federal laws that give it authority to regulate the industry, it is an official body, and a report to the Association regarding the termination of a licensee is protected by the Litigation Privilege as a statement made to induce an official investigation.CitationFONTANI v WELLS FARGO INVESTMENTS (Terminated Broker) 129 CA4 719 [See: CCP 425.16, 425.17; CivC 47; ComputerXpress v Jackson 93 CA4 993, T/AT 12/01; Hagberg v CA Federal Bank 32 C4 39, T/AT 2/04]
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