X is a 35 year old accounts clerk who is a keen small-time investor on the stock market. As he is a good golfer, he is sometimes invited to play in amateur tournaments at an exclusive golf course. Last month X was paired with myself, an Asian businessman who had recently arrived in Australia. In an attempt to gain consulting work, X strongly implied that he was a successful financial advisor.
During the game, X urged me to invest in a small high-tech company which he said he had researched and was going “to boom”. X added, “Like they say in the ads, all care taken but no responsibility accepted”. I followed X's advice and lost $10,000 because the company was badly managed. Am I able to recover my losses from X who made himself out to be a financial advisor?
During the game, X urged me to invest in a small high-tech company which he said he had researched and was going “to boom”. X added, “Like they say in the ads, all care taken but no responsibility accepted”. I followed X's advice and lost $10,000 because the company was badly managed. Am I able to recover my losses from X who made himself out to be a financial advisor?
