2 ms·
Sad case but a completely inappropriate lawsuit. As society we allow people to chose to take risks they are comfortable with (otherwise everyone would be locked
by xyzelement 6y ago
Sad case but a completely inappropriate lawsuit. As society we allow people to chose to take risks they are comfortable with (otherwise everyone would be locked up in their homes wrapped in bubblewrap.)
I am not a RH user but I expect that to get started you have to transfer in money. To do anything with leverage (options, etc.) you certainly have to opt-in to additional agreements including indicating that you understand the risks, etc. Ultimately the steps of "wiring money in" or accepting "I understand I can lose more than I invested" should trigger something in your brain. And if it doesn't unfortunately you have to pay the price rather than somehow making the whole activity illegal.
Obviously this is a terrible situation for the family, but it's also a reminder that parents need to teach their kids common sense. For example: there's no free lunch. If your kid at 20 has the brain that says "oh duh there's free money here" you kinda messed up.
- Gunax 6y agoI think the lawsuit has more to do with RH accidentally showing a debt of 700k than actually letting people lose 700k on margin. It will be settled out of court.
- hypertele-Xii 6y agoHow about this for common sense: Don't kill yourself. Especially not over something as trivial as money.