Burr & Forman

02.2.2018   |   Firm News

Tom Potter Featured in Article on how Banks can Handle Cryptocurrency Questions

Nashville-Based Partner, Tom Potter, was featured in an article on how Banks can Handle Cryptocurrency Questions in an article by BAI.

Tom Potter, a partner in Burr & Forman’s office in Nashville, Tennessee, takes it another step. “I think if I were a banker or an investment advisor approached by a retail investor with that question and found myself really having to give advice—even if it’s this cautionary discussion that we’ve had—I would want to document that I had done that,” he says.

“Because (investing in cryptocurrency) is either going to go really, really well or really, really poorly,” Potter adds. “And if it goes really well, the customer is likely to believe that it was their idea and they were really smart, despite your cautionary advice. And if it goes really, really poorly, its equally likely that they will remember, even wrongfully so, that you encouraged them to do it.”

To read the full article, click here.

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