In some contexts, the relationship between an investment advisor and their client may be fiduciary in nature. In that case, damage suffered by a client may lead to a claim against the advisor for breach of fiduciary duty. Where a group of clients suffers damage due to such a breach, it may give rise to […]
Category Archives: Investment Advisor Liability
Financial Advisors: New Guidelines Coming to Protect Senior Clients
Seniors, those over age 65, are disproportionately the victims of fraud and financial abuse due to social isolation, potential capacity issues, and more. Particularly since the start of the pandemic, older Canadians may be spending more time alone and online, which has increased their vulnerability to financial and investment fraud, according to the North American […]
Assessing Damages After An Insolvency
The measure of damages is determined by using the formulae, Loss (L) = Actual Liquidation Deficit (ALD) – Estimated Liquidation Deficit (ELD). The ALD is usually easily determined and agreed upon-it represents the losses suffered at the time of the liquidation of the business’s assets. The ELD is simple in theory but invariably in dispute […]