The Vanishing Advisor: Fraudulent Advice, Missing Funds, Legal Fallout
In the scenario of Fraudulent Advice & Employee Absconding, where an employee of a financial advisory firm deliberately provides fraudulent investment advice and subsequently absconds, a standard Professional Indemnity (PI) policy would typically respond. Coverage may be triggered under the “Employee Dishonesty” or “Fraud” extension of the policy, potentially indemnifying the firm for: – Legal […]
