There has been a global pandemic. As a result, shares on the stock market have plummeted. A solicitor receives an irate call from a current client stating that his portfolio of small percentage shareholdings in various PLCs listed on the London Stock Exchange are practically worthless. The firm is selling a private limited company for this client. He wants to know what he should do about his portfolio of shares.What advice can the solicitor provide to the client in these circumstances to ensure she does not breach the Financial Services and Markets Act 2000 (FSMA 2000)?
选项:
A:Buy more shares in listed PLCs as the share prices are as low as they are likely to get.
B:Take out a life insurance policy to protect his family due to the state of his financial affairs.
C:Explain that dealing with the shares is not incidental to the other legal service provided, so the solicitor cannot advise him.
D:Explain that the solicitor can only advise here if she is given complete discretion to manage the whole portfolio.
E:Offer to enter into a credit arrangement as lender to ensure the client has the funds to continue his investment activities.
发布时间:2024-04-15 10:50:50