Question
FINANCIAL SERVICES CONSUMER PROTECTION Boris seeks personal investment advice from Rory, a financial adviser and AFS licence holder. Boris, a 60 year old client with
FINANCIAL SERVICES CONSUMER PROTECTION
Boris seeks personal investment advice from Rory, a financial adviser and AFS licence holder. Boris, a 60 year old client with an income of $60,000 per year, is considering investing his life savings of $300,000 in a new technology company. Rory uses accurate data to calculate that the company has a 50% chance of tripling his money and a 50% of going broke. Rory advise Boris to make the $300,000 investment.
Has Rory fulfilled his obligations as an AFS licensee?
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Federal Administrative Law
Authors: Gary Lawson
9th Edition
1647086396, 978-1647086398
