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Wealthsimple - Word of CAUTION!
November 20, 2025
9:03 pm
mordko
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Forum Posts: 1361
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April 27, 2017
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BS - as already explained. Synapse had a fundamentally different set up because contractually Synapse didn’t treat end-user funds as true trust accounts in the legal sense that gives each individual user a segregated, directly-owned claim as is the case at Wealthsimple. Synapse didn’t actually put all the pooled money into bank accounts. That's just one of many differences, not accounting for regulatory regimes being not exactly comparable.

I realize you are just going to keep repeating the exact same disinformation even when cdic itself on its webpage directly contradicts your lies as quoted above, but are you at least going to disclose your obvious conflict of interest? Don’t you think it's even more dishonest when you don’t?

And if you really think that Wealthsimple is a scam which blatantly lies in T&Cs then you should mention it formally rather than in a chatroom. CPP Investments need to know asap.

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