Quote:
Originally Posted by Plinker
The plot thickens:
Michael L. Whitaker is, apparently, the father of Michael J. Whitaker. The father has 4 disclosures of negligence and breach of fiduciary duty. The son has 3 disclosures. Two are for negligence and breach of fiduciary duty and the third is for battery and witness tampering. It appears that both are replying to this post. As such, both sold these highly speculative, high risk bonds to retired seniors. Due to potential litigation, my guess is that answers to our posts may not be forthcoming.
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Without any details, i think it would be speculative to assume that just because these high risk investments were sold to retired seniors that Mr Whitaker did something wrong. There are many retired seniors down here with substantial portfolios where a high risk investment may be appropriate given their risk tolerance.