I had privileges to trade long options and spreads and buy writes at 21. But I’m 10-12 years younger than you so times might have changed.
I don’t see how or why robinhood should be liable. He should have understood his risks. Further more, if someone killed themselves 2 minutes after seeing a massive negative balance there are many other factors at play in that action
I agree that they are not liable for someone taking their own life, unless they defrauded the kid, which would result in a huge civil award. My point is the "know your customer" rule mentioned earlier by Arnie.
What the bloody fuck were they doing assigning the position and not exercising his longs? many brokers will force the cover of a position where your net liq does not support exercise/assignment.
The CEO is fucking retarded. Full stop. They absolutely should be shut down. 1000s of instances of fraud; theft of accounts, no SMS challenge on withdrawals, etc.
I am all for memestonk vola. You know what I made today on that nothing of a position. I think that at some point the regs need to matter.
