We can expect a lot more of this: https://www.bloomberg.com/news/articles/2019-05-06/who-to-sue-when-a-robot-loses-your-fortune
"It’s the first-known instance of humans going to court over investment losses triggered by autonomous machines..." No correction: This is not the instance of humans going to court over investment losses triggered by autonomous machines. No, this is an instance of humans going to court over investment losses caused by unscrupulous and irresponsible salespeople. This is not the first instance.
Just like "computerized trading system" got people excited in the 60s and 70s, now it's "Artificial Intelligence" and "Quantamentals".... Good luck with that folks, gooooooood luck
All funds that I come across have the disclaimer "investment carries risk. We cannot guarantee profits and losses are possible". Therefore, no funds can be sued for losing money because all of them warn about losing money before clients sign up.
Very true, but it still does not means clients can’t not sue. They will most likely not win, and enrich lawyers from both sides, but they can certainly sue.
Most people prefer to make money and be happy about it. Making money when people fight with each other is an evil way to make money. If you really do become a successful lawyer, you may regret it. LOL.