What is the standard of care applicable to an investment advisor?
British Columbia, Canada
The following excerpt is from Miller v RBC Dominion Securities Inc., 2021 BCSC 1811 (CanLII):
And, the standard of care applicable to an investment advisor requires consideration of whether the advisor has acted “in accordance with a practice which is accepted as proper by a person skilled in that profession” (Longstaff v. Robinson, 2008 BCSC 1488 [Longstaff], at paras. 87-89).
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