http://www.financialloss.ca Financial Loss Wed, 22 Apr 2009 13:30:56 +0000 http://backend.userland.com/rss092 en ROB CARRICKGlobe and Mail Update E-mail Rob Carrick | Read Bio | Latest Columns April 21, 2009 at 6:00 AM EDT T he stock market has recovered a bit from the depths of last fall, but not enough to fix the damage done to some investor portfolios by bad financial advice. One option ... http://www.financialloss.ca/2009/04/21/globe-and-mail-article-portfolio-battered-you-may-have-a-case-2/ Orginally published in by Ellen Roseman in the Toronto Star on April 5, 2009 Hugh Lissaman, a Toronto lawyer specializing in stockbroker negligence, finds his caseload goes up when the market goes down. Harold Geller, an Ottawa lawyer, is working on a case involving the sale of Olympus hedge funds. Last year, TD Waterhouse ... http://www.financialloss.ca/2009/04/21/the-toronto-star-caseloads-rise-as-markets-fall/ Orginally published in a financial industry publication, Advisor.ca on April 7, 2009 As the market turmoil continues, advisors again have an opportunity to demonstrate their value. This opportunity should not be missed - volatile times are when clients look to their advisors for proactive advice. What's more, advisors also have an ... http://www.financialloss.ca/2009/04/21/advisorca-volatility-prepared-clients-and-opportunity/ Orginally published in a financial industry publication, Advisor.ca on November 20, 2008 The basic duties of an MFDA or IDA advisor may seem obvious to anyone familiar with the association rules and regulations, or the Canadian Securities Course, but these duties are routinely challenged by lawyers when we defend advisors before ... http://www.financialloss.ca/2009/04/21/advisorca-osc-states-the-obvious/ Orginally published in a financial industry publication, Advisor.ca on April 7, 2009 The Know Your Client (KYC) process is commonly misunderstood. In general, the misunderstanding is born of the financial advisory and planning services' history of being purely sales driven before it turned into a true profession. The misunderstanding is easily corrected, ... http://www.financialloss.ca/2009/04/21/advisorca-avoiding-liability-in-uncertain-times-part-3/ Orginally published in a financial industry publication, Advisor.ca on March 31, 2009 Part 2: Letters of engagement and your "get out of liability free" card.This three-part series, advice that reflects lessons learned during past economic downturns, is written to help advisors avoid risk during these turbulent times. Professional financial advisors and planners ... http://www.financialloss.ca/2009/04/21/advisorca-avoiding-liability-in-uncertain-times/ Orginally published in a financial industry publication, Advisor.ca on March 24, 2009 Part 1: Second opinion seekers. This three-part series, advice that reflects lessons learned during past economic downturns, is written to help advisors avoid risk during these turbulent times. Jim Bullock of the Peel Institute for Applied Finance is a well-known industry ... http://www.financialloss.ca/2009/04/21/advisorca-avoiding-liability-in-uncertain-times-part-1/ The more the market falls, the more some "professional" financial advisors and planners recommend the buying and holding of volatile equities. Many professional financial advisors and planners fancied that Baby Boomers possess the need or desire for high risk equities. Many of these professional financial advisors and planners recommend inappropriately high exposure ... http://www.financialloss.ca/2009/03/10/double-down-and-other-financial-tomfoolery/ If you were caught in the financial nightmare of 2007/2008, then you may be wondering "how did I get here?' Many Baby Boomers and retirees who have become familiar with the violent ups and downs of the stock market are wondering why their financial advisors and planners recommended (or at the very ... http://www.financialloss.ca/2009/03/10/gics-are-looking-good/