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Side question (non crypto related), does paying for it automatically makes the advisor legally liable for the advice in most 'advanced' jurisdictions?
by samsonradu 6y ago
Side question (non crypto related), does paying for it automatically makes the advisor legally liable for the advice in most 'advanced' jurisdictions?
- kkielhofner 6y agoGenerally (unfortunately) "not really". For a tax return, for example, the preparers information is on it but you still sign it. Again, generally speaking they carry insurance much like a doctor has malpractice insurance. The risk for them is causing enough damage (and the resulting insurance payouts) rendering them uninsurable which is generally a career ending state to be in. Truly egregious stuff can end up with disbarment and other certifying bodies revoking stuff. Again much like a doctor screwing up to the point where they lose their license. Then, like anyone else, criminal liability is always a possibility if the situation calls for it.