– Man Turns $88K Into $415M With Tesla, Then Sues After Losing It All…:
A man who reportedly turned $88,000 into $415 million before losing it all has sued his investment firm and advisers for failing to provide adequate advice as he carried out risky trades.
Christopher DeVocht claimed RBC Dominion Securities set him up with a margin account and substantial loans that ultimately backfired, wiping out his entire investment portfolio, Stockwatch reported on Oct. 3.
DeVocht made most of the wealth by trading shares and using Tesla options.
The Canada-based man then hired RBC, who assigned advisers that Devotch claims were supposed to help him preserve his wealth by recommending risk mitigation strategies.
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