Christopher DeVocht made a large share of his wealth from Tesla options before its share price tanked in 2022, triggering a cascade of problems for the trader.
A man who reportedly turned $88,000 into $415 million before losing it all has now sued his investment firm and advisers for failing to provide him with 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 mostly made his wealth through trading shares and Tesla options.
