Why should prabhat advise mrs. smith to seek redress

Assignment Help Financial Accounting

Reference no: EM133340892

Case: Prabhat Pinder, a dealing representative, is meeting a new client, Mrs. Grace Smith, for the first time. He notices that her portfolio, currently with a competitor, is very aggressive and, in his professional opinion, completely inappropriate for an 84-year-old widow dependent on her portfolio for income. Indeed, the portfolio recently experienced a 20% decline in value over the past eight months. Prabhat feels she should be compensated by her current broker.

Question: Should Prabhat advise Mrs. Smith to seek redress? Why or why not?

Reference no: EM133340892

Questions Cloud

Describe the three principle climate controls of deserts : The Atacama is a famous desert in South America. Name and describe the three principle climate controls of deserts.

Estimate if the corporation is undervaluing them : Determine how to value them, and estimate if the corporation is undervaluing them - Conclusions and future directions for the corporation

Analyze josie walshs leadership characteristics : Analyze Josie Walshs leadership characteristics, and evaluate the effectiveness of Josie Walsh's leadership characteristics

Why would be large regions of gneiss and schist on the moon : You come across a sedimentary deposit of alternating beds of (1) coarse gravels and (2) fine-grained silts and sands.

Why should prabhat advise mrs. smith to seek redress : Should Prabhat advise Mrs. Smith to seek redress? Why or why not? Prabhat Pinder, a dealing representative, is meeting a new client, Mrs. Grace Smith

Why youtube platform should be used to leverage : Why Youtube platform should be used to leverage potential clients. Explain the pros and cons of your chosen platform Youtube

Examine the key reasons why a business may not want to hold : Examine the key reasons why a business may not want to hold too much or too little working capital. Provide examples that illustrate the consequences of either

How is pseudoscience different from science : How is pseudoscience different from science? How is the use of the word theory different in casual conversation vs. science?

How would you determine your role in respect : How would you determine your role in respect to a position including medical records administration? (Please note, we are not asking what the role is but how

User Account

All Pages