/biz/ - Business & Finance

Who was at fault here?


https://www.marketwatch.com/story/finance-isnt-worth-losing-your-life-over-the-heartbreaking-story-of-a-rookie-trader-who-racked-up-700000-in-debt-2020-06-14?siteid=yhoof2&yptr=yahoo

>>19791987
>>19792017
This is literally his account screenshot.

OH NO

>>19774204
>>19774175
>>19774223

>Kearns apparently fell into despair late Thursday night after looking at his Robinhood account, which appeared to have $16,000 in it but also showed a cash balance of negative $730,165.

>In his final note, Kearns insisted that he never authorized margin trading and was shocked to find his small account could rack up such an apparent loss.

>“When he saw that $730,000 number as a negative, he thought that he had blown up his entire future,” says Brewster. “I mean this is a kid that when he was younger was so conscious about savings.”