Declining stock markets have produced a spate of legal clashes between brokers and their clients over trades made at the peak of the market.
Brokerages are required to settle all commercial disputes before they can be dissolved, and as the number of firms looking to wind up has increased, so too have arguments between trading houses and disaffected clients.
"In the last three years, court cases related to stock market disputes have not just doubled, or tripled, they have quadrupled," said Mohammed Ali Yasin, the chief investment officer at CAPM Investment in Abu Dhabi.
No comments:
Post a Comment