The family of a Nebraska college student who died by suicide as a result of his allegedly mistaken belief that he had incurred a massive financial loss trading in stock options has brought a lawsuit in Santa Clara County Superior Court against the securities trading platform Robinhood.
The suit claims that Robinhood Markets Inc. and its affiliates are responsible for the 20-year old’s death because, among other things, they targeted young investors and allowed them to trade in financial products without ensuring that they understood the risks.
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