Robinhood announces changes to options trading after 20-year-old trader’s suicide

Trading app Robinhood has announced major changes to its service after a 20-year-old trader on the platform committed suicide. 

Alexander Kearns committed suicide after an options trade resulted in an apparent negative $730,000 balance in his trading account. Although the negative number referred to available buying power rather than to debt, Kearns left a note effectively blaming Robinhood for his death. “How was a 20 year old with no income able to get assigned almost a million dollars worth of leverage?” Kearns’ message asked.

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