What Types of Damages Are Typically Sought in a Failure to Supervise Case? - Transcription
Supervise case what you’re saying is the underlying wrongful conduct should not have happened because if they had properly supervised then they would have stopped the conduct before it happened look brokerage firms and registered investment advisors have to approve every transaction they have to effectuate it they have all kinds of errors and omissions and reports that get uh circulated at the firm so exception reports are really crucial to determining red flags of wrongdoing and they have to really look at all those things to stop the issues and so if an issue occurs they’re fully responsible just as the person that may have perpetrated the wrongdoing for all of the damages you might suffer from net out of pocket damages to well-managed theories all the way through interest costs and possibly attorneys fees and maybe punitive damages if you’re lucky.