When the client relies on the financial planner's recommendations and suffers a loss,the financial planner can be sued for:

Question

Quizplus · Accepted Answer

Negligence refers to the failure of a person to exercise reasonable care and caution in their actions or recommendations. If a financial planner's recommendations result in a loss for the client and it is proved that the advice was given without sufficient skill or care, then the financial planner can be sued for negligence. Scandal, battery, and nuisance are not applicable in this scenario.

When the Client Relies on the Financial Planner's Recommendations and Suffers