Protection from liability shields officials for bona fide actions taken under the securities statute and its rules and regulations. Protection from civil and criminal proceedings is conferred for acts done or intended to be done in good faith under the securities statute and subordinate instruments, applying to the Central Government or the Board and to any of their officers, members or employees and shielding them from suits, prosecutions or other legal proceedings arising from bona fide execution or intended execution of powers under the Act, rules or regulations.