Securities-Adviser Errors?

  

                       

I have no sympathy for advisers who often charge clients for services the clients may well do themselves. But why sue such advisers who have no crystal ball and who cannot see if an investment will fail?

                       

And yet many clients, including pension funds,  sued advisers who could not see a downturn in the mortgage markets a few years back.

                       

This lacks common sense on the part of the clients, other than a ruse to collect money from any source available.

Why not sue, hoping a judge and jury will not be conversant with how legitimate securities markets work? (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)