A lawsuit against the financial planner's intentional or negligent misstatement or nondisclosure of a material fact relating to an investment is brought for _____.

Question

Quizplus · Accepted Answer

A lawsuit for intentional or negligent misstatement or nondisclosure of a material fact relates to misrepresentation. Churning refers to excessive trading for the purpose of generating commissions, nuisance refers to unreasonable interference with one's use or enjoyment of property, and unsuitability refers to recommending investment products that are not appropriate for a client's specific needs and circumstances.

A Lawsuit Against the Financial Planner's Intentional or Negligent Misstatement