Business
Family sue Robinhood after son’s tragic death – The Australian Financial Review
The family of a novice stock trader committed suicide after mistakenly believing he lost more than $US700,000 are suing Robinhood, claiming the popular stock trading…
Kearns received emails from Robinhood shortly after 1pm on June 11, informing him that his account was restricted and that he was required to buy $700,000 in shares as a result of an options trade, according to the lawsuit. That left Kearns account with a negative balance of $730,000 on a trade that he had understood would be limited to a maximum loss of less than $10,000, the lawsuit says.
Kearns, desperate for answers, sent several emails to Robinhoods customer support, but only received auto-generated…
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