20-Year-Old Robinhood Customer Dies By Suicide After Seeing A $730,000 Negative Balance

The note found on his computer by his parents on June 12, 2020, asked a simple question. “How was a 20 year old with no income able to get assigned almost a million dollars worth of leverage?” The tragic message was written by Alexander E. Kearns, a 20-year-old student at the University of Nebraska, home from college and living with his parents in Naperville, Illinois. Earlier that day, Kearns took his own life.

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In fact, a screenshot from Kearns’ mobile phone reveals that while his account had a negative $730,165 cash balance displayed in red, it may not have represented uncollateralized indebtedness at all, but rather his temporary balance [emphasis added] until the stocks underlying his assigned options actually settled into his account.

20-Year-Old Robinhood Customer Dies By Suicide After Seeing A 0,000 Negative Balance

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