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