The family of a novice stock trader who killed himself are suing Robinhood Financial. After not being able to speak with anyone from Robinhood, Kearns became more desperate and fearful of the mammoth financial obligation, according to the complaint. The company tells customers on its website that they can "level up with options trading," for example. Its decision to charge zero commissions for customers trading stocks and ETFs pushed the industry's biggest players to eventually follow suit — and to band together. Investors on Robinhood and other trading platforms have also influenced prices on Wall Street.

Source: New Zealand Herald February 09, 2021 03:45 UTC