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Essay / Research Paper Abstract
5 pages. This paper looks at whether or not professional advisors should be held liable in order to compensate those who have suffered financial loss as a result of their negligent advice. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: D0_JAfnloss.rtf
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Unformatted sample text from the term paper:
loss as a result of their negligent advice. USING PROFESSIONAL ADVISORS When people go to professionals for their legal counsel and financial advise, they feel they are
paying for services that are meant to be performed with the utmost of clarity and knowledge. Therefore, to know that one has paid for faulty advice, for instance, in
the matter of finances, who should be held liable for that loss? Should the professional have to reimburse the investor for giving faulty advisement in the first place?
Or can advisors dole out inefficient advise and then leave with no feeling whatsoever when their clients are left writhing on the grounds of financial despair? We have seen much
of that happen lately, both in Britain and in the United States, and people are asking the pertinent question, who is responsible for all of the financial loss? Surely
not the investor who has paid good wages to a professional for the sole reason of avoiding such a downfall in the first place? What of the professional advisement
company or individuals? If they are held responsible then one wrong move by a heretofore solid company could devastate them in the terms of losses to their clients. What
if the advisement was given in the best of interest and the company just surprisingly went bankrupt, pulling all the investors with it? These are questions that have come
up very often in the last few months as we have seen people lose entire life savings based on the financial ruin of some so-called solid companies that surprised the
public as they were allowed to fall into financial ruin right alongside them. "The credit crunch at alternative telcoms group Energis (EGS.L) has shattered investors confidence in the sector, and
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