Business
‘Panicked’ student took his own life after seeing negative balance on Robinhood trading platform account – 7NEWS.com.au
Before taking his own life, Alex Kearns left a note that signalled his confusion.
Trading platform Robinhood is being sued for the wrongful death of a 20-year-old college student who died by suicide last summer.
His death came after he saw a negative balance of $730,000USD($941,000AUD) in his trading account and mistakenly believed that was the sum of money he owed.
The parents and sister of Alexander Kearns accused Robinhood of luring inexperienced investors like their son to take big risks in sophisticated financial instruments such as the options trading he engaged in — without…
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