Thandiworks as a portfolio manager at VBS bank, which is a registered financial services provider. Over the weekend, she attended a friend'sbraaiparty.Nandi, a friend of hers, mentioned that she was considering buying shares inPhonix, a company that had just recently listed.Thandithen recommended thatNandiconsider investing in the company.During the week,Nandithen bought thePhonixshares, but over the next two weeks the shares declined and she ended up most of her original investment.Nandiwas furious and hurt that her friend would provide her with such bad advice. In turn she then decided to sueThandias she blames her for the bad investment decision.

Questions:

• Do you thinkNandican SueThandi? Motivate your answer.
• List at least 1 element that one should consider when giving advice to clients.

Answer rating: 100% (QA)

In this scenario Nandi may have a basis to sue Thandi for providing her with incorrec... View the full answer