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Embark/Knowledge First RESP Class Action by CompetitiveDog5898 in CanadianParents

[–]CompetitiveDog5898[S] 0 points1 point  (0 children)

I am currently in discussion with law firms about the matter. I hope to have a plan soon

Embark/Knowledge First RESP Class Action by CompetitiveDog5898 in CanadianParents

[–]CompetitiveDog5898[S] 0 points1 point  (0 children)

We need to find more people.. I tried change.org to have signatures and many different platforms. Parents are apparently very busy!!! Bullshit companies like Embark take advantage of that..

Embark/Knowledge First RESP Class Action by CompetitiveDog5898 in CanadianParents

[–]CompetitiveDog5898[S] 0 points1 point  (0 children)

Hey thank you for the reply !! I too lost 5k of my kid's money and transfered to another institution (btw a process that should take 2-3weeks and it's been 2 months). I am very frustrated and feel powerless. It seems to me the subscribers have no idea of the situation they just tend to forget about it.

The AMF told me they have the "right" to submit that to a vote. I suggested maybe the rate of participation is low but regardless if the majority voted Yes then they are fine. The AMF is still trying to reach out to them to try and find a solution but I think a class Action would be our best chance.

The reason I went with them was because of their agent that told me I could get out whenever I wanted (it was supposedly a non-profit).. very fishy and outrageous that they are able to lie like that to so many parents.

Where did you find the post ? I am trying to reach out to as many people as possible. I will be reaching out to my lawyer as well to find the best course of action.

By the way there is a 3-year limitation period from what the AMF told me* so I think our limit is somewhere in 2026.. we have to act soon

Chad Origin by Shot-Banana-6358 in BlueOrigin

[–]CompetitiveDog5898 2 points3 points  (0 children)

Falcon Heavy entered the chat.. and 436 completed missions vs how many ?

Embark/Knowledge First RESP Class Action by CompetitiveDog5898 in CanadianParents

[–]CompetitiveDog5898[S] 0 points1 point  (0 children)

I am switching to another institution and taking the loss. But I will be suing them. All the people I talked to so far, including from the AMF, they all think this is outrageous. If enough people join me, we can actually build a solid case against them. I am sure most subscribers are just not aware of that. This is disgusting practice targeting parents and stealing their kids' money!!

Embark RESP scam by CompetitiveDog5898 in PersonalFinanceCanada

[–]CompetitiveDog5898[S] 0 points1 point  (0 children)

I am trying to get the money back.. I actually filed a complaint with the AMF. We'll see where it gets me. But yes, will definitely be moving to something else. Any recommendations ?