-When a man in his 20s made an extreme choice after investing through’Robin Hood’, his parents filed a lawsuit against the company.
Robin Hood is an online securities company that has gained popularity among the’American version of Donghak Ant’. Although it received the attention of young people by providing a service so that anyone can easily trade stocks, it faced criticism for making stocks an online social activity.
On the 8th (local time), according to Bloomberg and the Associated Press, the parents of a man named Alix Kern said, “The tragedy of the death of a son was caused by Robin Hood’s strategy to seduce young consumers,” said Robin in a court in Santa Clara County, California. Filed a lawsuit against Hood.
According to a collection issued by the bereaved family, on June 11 last year, Kern traded a put option (the right to sell a specific asset at a predetermined price at a specific time), one of the derivatives, and then “minus (-) 730,000 dollars” ( About 820 million won) was found in Robin Hood’s app.
This could be restored if Kerns exercised the put option, but Kerns, who was not aware of this at the time, mistaken him for being in a position to pay off a huge debt with his investment, and eventually died at the age of 20 in June of last year.
According to Kern’s parents, at the time, Kern sent several emails to the Robin Hood customer service center, but only received an automatic reply and failed to connect with the employee.
In the past, Robin Hood was caught up in an administrative lawsuit requesting fines from the US state of Massachusetts, stating that “it is unethical to treat stocks like games and flirt with inexperienced young customers to do more transactions.”
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