In terms of investment knowledge, almost four fifths (78.9%) were said to have low investment knowledge, or none at all. A 17.5% minority reportedly had medium investment knowledge, and 3.5% had high investment knowledge.
“Despite the pandemic, the IPC is operating at full capacity and remains open,” the report said. “The Clinic’s caseworkers are working remotely and diligently to advance our clients’ interests.”
While judicial proceedings have continued through online and virtual channels, the report said the pandemic has severely hampered the capacity of courts and other adjudicative agencies and organizations to address investor complaints and actions, impacting some of the IPC’s clients. But even as the proceedings go slowly, the clinic said many investors who don’t bring forth their claims urgently can be barred from recourse or compensation because of the expiry of a limitation period.