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Robinhood sued by family of Alex Kearns, 20-year-old trader who killed himself

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The Robinhood logo on a smartphone arranged in the Brooklyn borough of New York, U.S., on Saturday, Dec. 19, 2020.

Gabby Jones | Bloomberg | Getty Images

Robinhood was sued Monday for wrongful death by the family of Alex Kearns, a 20-year-old customer who took his life last summer after believing he had racked up big losses on the millennial-favored stock trading app.

“This case centers on Robinhood’s aggressive tactics and strategy to lure inexperienced and unsophisticated investors, including Alex, to take big risks with the lure of tantalizing profits,” said the complaint filed by his parents Dan and Dorothy Kearns, and his sister Sydney Kearns in a California state court in Santa Clara….



Source cnbc.com

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