So the class action is likely to happen.
One simple fact is that the whole MIS business is just a Ponzi, which was doomed to fail from the beginning.
Yes, the investors were mislead by the advisors, and the advisors were mislead by "independent recommendations", and the "independent recommendations" were bought by GTP/TIM with money.
So the best way for PIS/advisors to do now is to have another class action against those who wrote the "independent Recs" and the GTP/TIM management who ordered those recs.
So the class action is likely to happen.One simple fact is that...
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