Financial investments are risky and need to be treated with caution. Recently, the Jiangsu High Court announced the details of a "Bank of China ** Bao Dispute Case".
The investor suffered huge losses in this case, and the court finally ruled that BOC should bear the loss of oil price and compensate the investor for 20% of the loss of principal.
However, there are still many people who hold conspiracy theories about the case, believing that the BOC manipulated the situation and that only investors lost money in the end.
The complexity of trading makes it difficult for the average investor to operate, and trading is even more so.
In addition, physical delivery is not possible due to the full inventory at the physical delivery location, and the bank is unable to do physical delivery.
On the day of delivery, the long contract cannot be sold to close the position, which ultimately leads to huge losses for investors. The BOC's mistakes and inaction in this incident have also sparked many controversies.
However, the court held that BOC had problems in the process of product design and trading, and should bear part of the liability and compensate the investors.
This case is a wake-up call for investors that financial institutions need to be more considerate of their customers, and investors need to be cautious about their investments.