A 20-years old user named ‘Alexander Kearns’ of renowned stock & cryptocurrency trading platform Robinhood, committed suicide on 12th June. As reported by EtherDesk earlier, this tragedy reportedly occurred after an erroneous negative balance of over $730,000 that appeared in Kearns’ account. This error has prompted the platform to require measures so as to enhance the platform’s offering.
In line with the official announcement, Robinhood is considering additional criteria and education for patrons seeking level 3 options authorization. They added that this might help ensuring customers understand the platform’s sophisticated options for trading features.
Adding further, they sad that they will even be expanding educational content associated with options trading within their website, while also rolling out improvements to in-app messages and emails sent customers about their multi-leg options spreads.
Recently, the company also announced a $250k in donations to the American Foundation for Suicide Prevention.