Bank denies claims of bad advice to Tesla investor

Christopher DeVocht, a Vancouver Island carpenter, has filed a lawsuit against RBC Dominion Securities and RBC Wealth Management, claiming inadequate advice led to his loss of $415 million in Tesla stock trading. RBC denies wrongdoing, asserting that it advised DeVocht to diversify his portfolio, which he ignored in favor of a high-risk trading strategy. The bank contends that DeVocht was a sophisticated investor when he became a client. The case remains unresolved in court.