A family or personal history of suicide or suicide attempt.Chronic stressors such as bullying, unemployment, loneliness, and relationship issues.Susan had just received a prestigious job offer. Even a positive life transition signifying an achievement can cause self-doubt, dread, and destabilization. External factors, including rejection, divorce, loss, and major transitions.Serious medical conditions especially those that include chronic pain and brain injury.
Personality factors like aggression (suicide is a form of self-directed aggression), mood changes, and poor to non-existent relationships are also red flags. In addition to severe and persistent mental illnesses like schizophrenia and bipolar disorder, other mental health conditions, such as depression, anxiety, conduct disorder, and substance use, are major risk factors.The leading cause of suicide is relationship problems.In 2019, a Chinese Bitcoin trader killed himself after losing 2,000 Bitcoins in a highly leveraged trade position, according to Yahoo! Finance. In 2017, the National Post reported that a man committed suicide after losing over $300,000 in binary option trading. Stories of people committing suicide after losing money are not always publicized, which is why the real number of people who kill themselves after running up massive losses is not known. In a statement to Business Insider, a Robinhood spokesperson said the company was “ devastated by Alex Kearns’ death.” The spokesperson said that the company had made several improvements to its customer service and other functions since Kearns’ death. “ That could panic just about anybody,” Blakeman said. The family’s attorney, Benjamin Blakeman, told CBS News that Robinhood made it look like Kearns owed the app $730,000 when he actually didn’t owe anything. The day after his death, Robinhood notified Kearns of lifting his trade restrictions because he’d met his margin call. The parents say the investment app “must be held accountable” for Kearns’ death because its customer service failed to answer their son’s questions. Robinhood sent Kearns an automated message notifying him that the company was “working to get back” to him. Could someone please look into this?” Kearns wrote. “ My bought puts should have covered the puts I sold. The young trader wrote in the email that he was “ incorrectly assigned more money than I should have.” The Kearns family is accusing Robinhood of wrongful death, arguing that the stock-trading app failed to offer “ meaningful customer support” to their son, who was desperate to find answers to his questions.Īfter seeing the negative cash balance, Kearns contacted Robinhood’s customer service to understand why he had accrued the massive debt. In their lawsuit against Robinhood, Kearns’ parents say they believe the app’s response to his questions about the apparent loss of $730,000 contributed to his suicide. In a suicide note to his parents, Kearns wrote about having “ almost $1 million worth of leverage” and that he had “ no clue” what went wrong. On the day Kearns committed suicide, his account on Robinhood had been restricted and showed a negative cash balance of $730,000. Dan and Dorothy Kearns filed a wrongful death lawsuit against the investing app, according to CBS News. The family of Alexander Kearns says that Robinhood is partly to blame for their 20-year-old son’s death. THE wrongful death lawsuit against Robinhood Critics say that millions of young traders are lured into buying and selling stocks on Robinhood by the prospect of making big money. The stock-trading app has been particularly popular among young individuals with no experience in investing and stocks. It’s appealing to users because it allows them to invest more than they have without having to use financial brokers or charging commissions. Robinhood has dominated app store rankings since the beginning of the COVID-19 pandemic in early 2020.
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