When the client relies on the financial planner's recommendations and suffers a loss, the financial planner cannot be sued for negligence.

Question

Quizplus · Accepted Answer

If the financial planner provides recommendations that are not suitable for the client's needs or fails to disclose important information, they can be sued for negligence. The client's reliance on the recommendations does not absolve the financial planner of their duty to act in the client's best interest and provide competent advice.

When the Client Relies on the Financial Planner's Recommendations and Suffers