Quote:
Originally Posted by MoneyGuy
Actually, it's not as futile as you think. There is a lawyer in Saskatchewan going around advertising to get investors to sue their advisors.
And clients don't sign waivers.
If that had happened to me, at the very least I'd be talking to the guy's compliance department. There have been cases where companies have made up the losses. I'm not saying they would have, but I would have started there. In fact, the best example of this happening did involve Manulife and the firm did make up the losses when it was determined that a product was used inappropriately by advisors and the firm didn't research the product properly. I can't recall the product but Slava may know.
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Wasn't that called Portus or something like that? It was a bit of a different scenario, but I think that is what the product was about 15 years ago?