Mollie has a bad experience with an investment that she wrongfully and knowingly blames on her financial advisor. On a street corner she tells every person passing her that her financial advisor is a crook and deliberately talked her into an investment he knew would tank just to get a commission. Mollie tells a friend of hers who was at the scene to take notes of what Mollie said, Those notes were posted on facebook. what legal recourse does the financial planner have against Millie?
a) Sue Mollie for libel
b)unable to sue Mollie because the financial advisor is a public figure
c) Unable to sue Mollie because he cannot prove actual damages
a) Sue Mollie for libel
The financial.planner in this context can sue Mollie for Libel as she is publishing false statement against the planner that is damaging their reputation. Any published false statement in this context is considered to be a libel and can be reported against.
Mollie has a bad experience with an investment that she wrongfully and knowingly blames on her...
Scenario #6: Heidi has always been a real estate investor. She tells her financial planner that, because she is such an expert, it’s the only asset worth investing in. However, after a thorough assessment of Heidi’s actual performance, net of costs, her rate of return over time has been about 3.5%/yr on her real estate investing. This is not a bad return, but her planner shows her that diversifying her assets into other investments will not only earn her more...
Rate of return and investment choice Clare Jaccard has 59.000 to invest. Because she is only 25 years old, she is not concerned about the length of the investment's life. What she is sensitive to is the rate of return she will cam on the investment with the help of her financial advisor, Clare has holated for equally risky investments, each providing a single amount at the end of its life as shown in the flowing table. Al of the...
Sue will need $120,000 to refurbish her house at the comer of a main road into a cake shop in 5 years. She has a saving account which earn 3.47% p.a. compounding quarterly and she is able to deposit $800 into that account at the end of each month for 5 years. a) Will Sue have enough money after 5 years? If not, how much is in short? Show all calculations. (4 marks) b) Even if Sue may not have...
Today is 1 January 2019. Kim is looking for an investment that will give her $500,000 in 5 years’ time so that she will have a sufficient deposit to purchase a $2.5m house in Sydney. Currently she has saved about $380,000 to contribute to the deposit. She has started looking at Treasury bonds as she thinks they are a relatively low risk investment. However, she did not study finance at University so does not have a good understanding of Treasury...
Scenario 1: John is a 21 year veteran worker with a stellar performance record that is well documented by previous performance evaluations. He has missed work an average of 1 day per week for the last 60 days. Velma, his supervisor for 5 years, has not talked to John about the absences because she was waiting for the time to complete annual performance reviews for all 11 employees in her department. You are to analyze this scenario, make comments, and...
Scenario 1:John is a 21 year veteran worker with a stellar performance record that is well documented by previous performance evaluations. He has missed work an average of 1 day per week for the last 60 days. Velma, his supervisor for 5 years, has not talked to John about the absences because she was waiting for the time to complete annual performance reviews for all 11 employees in her department.You are to analyze this scenario, make comments, and present what...
1.Since Tanya Martin retired, she has used income from her investment in the Alger Mid Cap growth fund to supplement her other retirement income. During one three-month period, the fund grew by $13,000. If she withdraws 65 percent of the growth, how much will she receive? Withdrawal Amount: Dave bought a rental property for $570,000 cash. One year later, he sold it for $550,000. What was the return on his $570,000 investment? (Negative amount should be indicated by a minus...
QUESTION 1 Manuela has worked as an accountant in her own accounting business, a sole proprietorship, for more than seven years. Among the services she offers is tax return filing and personal investment advising. Which of the following is true of Manuela’s business? A. Manuela has little control over the management and operations of her business. B. Manuela has unlimited liability. C. Outside funding for the business has been easy for Manuela to obtain. D. Manuela had varied and complicated...
Jennifer is interested in the mutual fund RBC U.S.
Index Fund – Series A. She has a few questions for
you before she buys this investment.
a) Does the reported fund’s return include the Management
Expense Ratio (MER) ? Yes or No
b) What type of fee is charged: No-load, Front-end load or a
Back-end load?
c) Is the status of this mutual fund classified as a closed-end
or open-end mutual fund?
d) Based on your response in c), explain...
A. Issues [1] In addition to damages for one year's notice period, can a trial judge award significant damages for the mere fact of an employee's dismissal, or for the stigma that that dismissal brings? Or for the employer thereafter competing with the ex-employee for the clients, before the ex-employee has got a new job? B. Basic Facts [2] This is an appeal from 2009 ABQB 591 (CanLII), 473 A.R. 254. [3] Usually a judgment recites facts before law. But...