A 20-year-old University of Nebraska student took his own life after his Robinhood account showed a massive negative balance, his family said, adding that they wanted answers from the popular free stock-trading app.
Alexander Kearns died by suicide last Friday. Bill Brewster, a relative and representative for the family, confirmed Kearns' death to Business Insider.
Forbes first reported on the death; it linked to a tweet from Brewster with a screenshot showing a negative $730,000 cash balance in Kearns' account. In an interview, Brewster confirmed the balance, which does not reflect a user's portfolio value or debt owed. The balance was likely due to complex options trades, which can settle over concurrent trading days, leaving a temporary balance during the interim. ...
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