Asked by ThandoG on 02-07-2021 13:50:52
Question posted in the General Law category relating to KwaZulu-Natal
A month or two ago a former friend gave me money to trade in the financial market on his behalf. He was fully aware of the risk but gave me the go ahead, as the money depreciated he still insisted I carry on. When the funds eventually blew (got lost) he told me he wants me to repay the entire amount. May I add that whenever the amount depreciated , I’d add my own funds from my pocket to make the amount substantial. There was no form of documentation which states that the amount be refunded and more to it, the individual was updated every time.
Information Requested by Lawyer
Posted by Att. Patrick on 03-07-2021 19:07:19
I see that you haven't made a payment for the question, but I'm going to assist you a little. If you want to ask a follow-up question, please make the required payment.
I think that your friend has a problem, because he knew the risks in investing the money in the financial market.
But you might also have a problem, because you are not a registered financial services provider - so you really should not be helping people trade.
Please remember this is a dialog if you have follow-up questions please make the required payment, then use the REPLY button and ask your further question. I would like to continue assisting you, but I need to concentrate on people who make payments for their questions.
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