Alexander Kearns, a 20-year-old buyer of inventory and cryptocurrency trading platform, Robinhood, dedicated suicide on June 12. This tragedy reportedly occurred after an faulty unfavorable steadiness of greater than $730,000 appeared in Kearns’ account. This error has prompted the platform to take measures in an effort to enhance the platform’s providing.
In response to the official announcement, Robinhood is contemplating extra standards and training for patrons in search of stage three choices authorization. They state that this may increasingly assist guarantee prospects perceive the platform’s subtle choices trading options.
They notice that they can even be increasing academic content material associated to choices trading inside their web site, whereas additionally rolling out enhancements to in-app messages and emails despatched prospects about their multi-leg choices spreads.
The corporate additionally introduced a $250,000 donation to the American Basis for Suicide Prevention.