Negligence Finance
Negligence in finance refers to a failure by a financial professional or institution to exercise the reasonable care and skill expected of them, resulting in financial harm to a client or other party. This “reasonable care” is judged against the standard of what a competent professional in the same field would do under similar circumstances. It’s a critical concept because the complexities of finance can leave individuals vulnerable to mistakes or misconduct that can devastate their savings and financial security.