missleading advice

This is a discussion on missleading advice within the Other Business & Finance Law Issues forum, part of the BUSINESS & FINANCE LAW category; A financial adviser talked me into purchasing an annuity, telling me that he would sell my stock to buy it ...

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Old Aug 9th, 2007, 08:12 PM   #1
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Default missleading advice

A financial adviser talked me into purchasing an annuity, telling me that he would sell my stock to buy it with no tax implications. After buying I found out I would have to pay tax after he had even given me a letter stating that I would pay no tax.. Is he liable for my tax expenses
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Old Aug 10th, 2007, 07:40 PM   #2
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Default Re: missleading advice

If he specifically advised you on that issue and it was wrong you could hold him liable yes.
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