A man from Vancouver Island, who started out as a day trader, says that he lost a $415 million fortune generated through investing because his financial advisors were negligent. In a lawsuit filed with the BC Supreme Court, carpenter Christopher DeVocht alleges that RBC Dominion Securities, RBC Wealth Management, and accounting firm Grant Thornton did not ensure that the advice he was given was appropriate to his level of financial planning and investing sophistication. The allegations have not been proven in court and the lawsuit does not provide proof of the figures included in the claim. None of the firms named in the allegations has publicly acknowledged receipt of the lawsuit.

Source: CBC News October 07, 2024 11:25 UTC