Impacts of Sub-standard Financial advice to Investors

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Posted by omeditors | Posted in Investing | Posted on 21-09-2016

The Globe and Mail is Canada’s number one national newspaper and has been in the market for the past 172 years. It prides itself in its award winning journalism. Its personal finance writer is known as Rob Carrick; he offers sound advice and has done commendable job in his newspaper financial column. On August 26, 2016 The Globe and Mail succumbed to financial pressure and published a story that featured “three stock picks” from Paul Harris. The article is an example of wide spread bad investment advice as the stock pickers may give advice that may lead to a great financial loss to investors.

About Laidlaw Company
Laidlaw and Company is firm that offers personalized banking and brokerage advice to public and private institutions, and the investors with a relatively high net worth. It also offers and executes financial management services to them as well. It operates mainly in the United States of America and in The United Kingdom. Individuals have complained of this since the middle and low class are not of any importance to LaidLaw and Company. They have complained of rude and sub-standard customer service from the company’s sales representatives. There are individuals who have also complained of being forced to provide information that belongs to their partners unwillingly. The company has also witnessed another complain from an individual who claimed that they never accept responsibilities and only focus on getting their commission after the client is dumped and left with nothing.

On 15th Dec 2015 Relmada Therapeutics Inc., filed a lawsuit against Laidlaw and Company after it and its two principals had served them as an investment banker. Laidlaw and company was accuse of failing to comply with the regulations provided by Securities and Exchange Commission. That is another case where it is accused of sharing confidential information as well as providing misleading financial advice to its clients.