Re:Regulators Shut Down Lending Platform (YC Alum) LendUp
by frockington1 on Thursday December 23, 2021 @07:50AM
(#29661343)
Too be fair the person has to check a box saying they are knowledgeable about investment product. If they lie and then screw themselves over who cares, let them learn a lesson
Robin Hood grants access to option trading to just about anyone and if the client fails and rides himself into deep sh*t, they just throw up their hands and claim "personal accountability", in the end meaning that the social system in some way has to bail out the person so that Robin Hood doesn't suffer any significant losses.
That doesn't seem fair.