With cryptocurrency investments booming, more investors are turning to financial advisors, wealth managers, and brokers for guidance. But what happens if poor advice leads to devastating losses?
Could crypto investors sue their advisors for professional negligence?
Is Crypto Advice Covered by Professional Negligence Law?
Yes — if a financial advisor or investment professional holds themselves out as providing expert advice, they owe clients a duty of care.
If their advice falls below reasonable standards — for example:
- Recommending unregulated schemes
- Failing to disclose risks
- Misrepresenting tax implications
- Providing advice outside their expertise
…they may be liable for negligence if the client suffers financial harm.
Learn more about financial advice negligence here:
What happens during a financial advisor case
The Challenge of Crypto Negligence Claims
Crypto is an evolving, high-risk market — proving negligence requires showing that:
The advisor’s recommendation fell below reasonable standards for their profession
- You relied on their advice
- Their failure caused identifiable financial loss
Claims are further complicated if advice related to unregulated platforms or overseas investments.
Why Choose Specters?
At Specters, we’re staying ahead of evolving professional negligence risks — including claims arising from crypto investment advice.
If you’ve lost money due to negligent financial advice, contact us to explore your options.
Call 0300 303 3629 or enquire online for a free consultation.
