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Man who made over ₹2,500 crore from Tesla trade & lost it all sues Canadian brokerage
short by Hiral / on Sunday, 6 October, 2024
A Canadian man is suing Royal Bank of Canada's brokerage division claiming he received negligent advice. According to the lawsuit, he turned C$88,000 into C$415 million (₹2,570 crore) within two years by trading options on Tesla stock and later lost everything. The lawsuit claimed if the brokerage hadn't advised him to accumulate Tesla shares, he wouldn't have lost his wealth.