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Robinhood Sued by Parents of Young Trader Who Killed Himself

  • Alex Kearns’ parents file wrongful death suit in California
  • 20-year-old found incorrectly believed he lost $730,000
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Robinhood Markets Inc. was sued by the parents of a 20-year-old trader who killed himself last year after he incorrectly believed he had lost $730,000 on an options trade.

The parents of Alex Kearns filed a wrongful death lawsuit Monday in state court in Santa Clara County, California, claiming the no-fee brokerage preys on inexperienced and unsophisticated investors like their son. They seek unspecified damages.