Poor advice from a share broker results in delayed share sale causing loss.
George owned some shares which were managed on his behalf by an investment adviser. The adviser sold George’s shares in two companies at what George considered was an inopportune time. Did the adviser act outside his authority?
You signed up with a broker and they are offering a range of sharebroking services. You chose a mid-range option providing an execution service and some general advice. What duty does your broker have to ensure the advice is right for your particular circumstances?
Serena wanted to sell her shares in Capital Capital. She instructed her broker, John, to sell the shares, unaware that Capital Capital was scheduled to declare a dividend payment in the next few weeks.