In part three of a three-part series, John Fabello, securities lawyer and partner, Torys LLP, explains five key ways for advisors to protect themselves from legal liability. He spoke with Patricia Chisholm, senior editor, Investment Executive at the TMX Broadcast Centre in Toronto.
Taking the right steps when a client sues can enhance your chances of success - and reduce the stress of litigation
You can take a horse to water, but you cannot make it drink. So, make sure you work with clients who are willing to work with you to meet their goals
In part two of a three-part series, John Fabello, securities lawyer and partner, Torys LLP, discusses the potential legal definitions of a best interest standard. He explains how a best interest standard would be viewed by courts and regulators and discusses the possible litigation impact on advisors. He spoke with Patricia Chisholm, senior editor, Investment Executive at the TMX Broadcast Centre in Toronto.
Even perfection may not be enough to save you from an angry client who is threatening litigation. But there are several habits and procedures that go a very long way toward protecting you from liability when things go sour
In part one of this three-part series, John Fabello, securities lawyer and partner, Torys LLP, explains that regulatory scrutiny and alternative dispute resolution proceedings are on the rise for advisors. Fabello outlines the top three areas that trip up advisors and gives pragmatic tips on how to protect yourself from litigation. He spoke to Patricia Chisholm, senior editor, Investment Executive at the TMX Broadcast Centre in Toronto.
With a new "best interests" standard being discussed and more clients willing to complain about losses, advisors need to assess their litigation risks