Emmanuel Cassimatis, founder and managing director of financial advice company Storm Financial, has a problem. Hundreds of retried pensioners have trusted his financial advice, borrowing huge sums of money against their homes to invest in the share market. But share prices have collapsed in the wake of the global financial crisis and Storm clients are now having to sell their homes to repay their outstanding margin loans. They have lost everything. Emmanuel is concerned that he may be liable to the company -Storm Financial - for causing the company to break the law by offering his risky investment strategy to people with few assets and limited income.

Advise Emmanuel if he can be liable for causing his company to break the law

Answer rating: 100% (QA)

If Emmanuel Cassimatis knowingly provided financial advice tha... View the full answer