Financial Investments

According to a ruling that confirmed the Audiencia Provincial de Murcia. It has dismissed the appeal filed by the financial institution. The Audiencia Provincial de Murcia has confirmed the ruling handed down by a Court of first instance of Cartagena against Bankinter, who has been sentenced to pay 58,000 euros to a customer by not inform you about the risks of an investment in shares of a Bank of Iceland. Cartagena Court sentenced the respondent Bank to return the result, amount of investment made by the client, you will have to deduct what it has perceived in concept of profitability of the values object of the contract. The Provincial High Court, which has dismissed the appeal filed by the entity, says that Bankinter not provided the buyer of the financial product with all the information required by the legislation in force.

The Court underlines that the financial entity that intermediate or involved professionally in the acquisition by a customer of a particular financial product has the essential duty to inform you, previously, and in sufficient detail, of the characteristics of the same, so that to take your investment decision with sufficient knowledge of the facts. He adds that this obligation to report should cover, in particular, the specific risks that carries with it the rrida investment, unless the Bank can proceed to a merely formal fulfilment of that obligation by way of performing a brief description of the product that simply returns highlight and fade the risks. The ruling, which has been a speaker, Judge Jose Joaquin Hervas said that the contract did not indicate, expressly the possibility of that customer lost, totally or partially, the invested capital, limited to make rrencia to some ratings of the issue, by its technical nature, can only be properly interpreted by professional investors or other people with an elevated financial literacy. The hearing concluded that the lack of information from the Bank about the the investment risk has to generate the corresponding liability for this, not the plaintiff having failed to retrieve the invested capital, without one has proved that this recovery is possible or holdings prrentes acquired in its day now have some real economic value. The ruling, rejecting the appeal lodged against the judgment of the Court of first instance, by Bankinter condemns this bank to pay the costs generated by the same. Source of the news: Bankinter returned 58,000 to a customer by not warning of the risk of investing in Iceland

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