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Forensic Accounting

Category - Fundamental Forensic Knowledge

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Loss causation occurs when:

Purchasing a financial instrument at an inflated price
Rebuttable is compulsory
It is established that actual economic loss was sustained due to omission or misrepresentation
The court rules so

Explanation

Answer: C - Loss causation is not established on mere purchase of financial assets at an inflated price; rather it is the actual economic loss that is to be considered. There must be an omission or misrepresentation that caused the economic loss.

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