NAPERVILLE, Ill. — The Robinhood trading app is being sued over the suicide of a college student from Naperville.
Alexander Kearns was a graduate of Neuqua Valley High School and opened a Robinhood account while still in high school.
Last June, the 20-year-old made an options trade that he believed lost more than $730,000. Money he did not have.
His family said he took a screenshot and wrote a suicide note. His body was found the next day. He had thrown himself in front of a train.
In truth, he did not lose that money because the trade was just an option, but Alex did not understand that.
His family says Robinhood should never have given almost a million dollars worth of leverage to someone with no income.