James Lebron is a financial analyst under the employment of PriceOil Bronze Co. After successfully foretelling the onset of the credit crunch in 2008, James has often been invited onto

TV shows. In one of the many shows James had attended, he recommended the shares of Haystack plc, a company listed on the London Stock Exchange. James quoted that: The shares in this company will definitely rise by 15% in 2019. I can personally vouch with my professionalism and integrity. Buy it, buy it and buy it!' Two months later, the shares of Haystack plc plummeted due to several money laundering allegations.

Required

(a)Explain the concept of 'special relationship' in the context of professional misstatement.

(b)Advise and explain Jameswhether he could be found liable for professional misstatement in the given scenario.