What types of trades does Citadel do

Robinhood, the greedy US broker

The Massachusetts state securities regulator accuses Robinhood of making trading in stocks and more complex securities playfully easy and thereby violating the duty of care towards its customers.

This strategy is called gamification in technical jargon. Services are set up like a video game, the customers are rewarded for every progress, so that they continue on the prepared journey to ever higher sales for the providers.

Robinhood, for example, greets its customers with a virtual confetti shower the first time a trade is concluded. Everything is so beautifully simple and colorful here - but that's exactly the problem.

It is becoming more and more common to hear from beginners in the securities business who have speculated heavily on Robinhood. There was even a suicide because an inexperienced 20-year-old trader mistakenly believed that he had amassed hundreds of thousands of dollars in debt with his complex deals.

Young, often inexperienced customers who, bored, gamble at home with securities in Corona times - trading à la Robinhood actually has a touch of gambling. Of course, everyone has the right to ruin themselves as they see fit. But maybe brokers like Robinhood actually need an instruction leaflet or a warning label like on cigarette packets.

Because long-term damage to the securities culture threatens: Anyone who has fallen on the nose with stocks or more complex deals threatens to permanently lose the desire to save securities. Anyone who still remembers the New Market in Germany in the late 1990s knows the sad story.

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