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If it was bug that caused him to lose money, sure, he should be compensated by the company that made/owns the robot. But he says that it's capabilities were mis
by duiker101 7y ago
If it was bug that caused him to lose money, sure, he should be compensated by the company that made/owns the robot. But he says that it's capabilities were misrepresented, so the robot doesn't actually have fault, he either just made a bad investment or was scammed.
- elliekelly 7y agoIt usually works the other way around. A bug in the code doesn't often rise to the level of negligence. (Though 99.99% of the time a fund will reimburse a loss caused by a buggy algorithm for customer relations reasons they aren't obligated.) Misrepresenting the capabilities/returns of a strategy is where fund salespeople get themselves into trouble time and again. It's perfectly legal to sell a terrible investment strategy so long as you've been truthful.