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Not sure about that last part. For some color, here's the Robinhood UI for buying calls: https://twitter.com/neoliberal_dad/status/1357784835847299076 https://t

• missedthecue 6y ago
  I'm not talking about the UI, I'm talking about the application you fill out to get access to level 2 options permissions
  • ahelwer 6y ago
    In what way would he have had to lie on the application? Is it something like "yes I have read these enormous pages you've thrown at me and know what I am doing"?
    • nightski 6y ago
      No, it's a simple form that you have to fill out at every brokerage nowadays. It asks questions about your risk tolerance, how well you handle volatility, etc...
    • nyczomg 6y ago
      More than that. Questions like “What is your net worth?” And questions about your experience level with stocks and options. He most likely lied. But Robinhood obviously makes no attempt to verify the answers. If two kids, one riding on the other’s shoulders inside of a trench coat walked into a bank and claimed to be an adult, you’d put at least some blame on the bank if those kids walked out with a loan.
      • bryan_w 6y ago
        > If two kids, one riding on the other’s shoulders inside of a trench coat walked into a bank and claimed to be an adult, you’d put at least some blame on the bank if those kids walked out with a loan. A kid lying to an adult is different from an adult lying to an adult.