This guy is a complete idiot. So many things wrong with the decision making here I can’t even begin. It violates common sense, all well worn investing maxims, and trading risk management principles.
In terms of options suitability there is no verification process; it’s all based on self-made attestations.
This could happen with nearly any broker. In the past a large trade might have been questioned especially in a newer account. However, with online trading today everything is automated so the human that may have been like “Hey fella, you may want to think this through” is not there anymore.
Blaming the brokerage is just stilly. Here a rank amateur made making very amateur trades with no risk management. You reap what you sow. The derivatives markets are not playthings.
In terms of options suitability there is no verification process; it’s all based on self-made attestations.
This could happen with nearly any broker. In the past a large trade might have been questioned especially in a newer account. However, with online trading today everything is automated so the human that may have been like “Hey fella, you may want to think this through” is not there anymore.
Blaming the brokerage is just stilly. Here a rank amateur made making very amateur trades with no risk management. You reap what you sow. The derivatives markets are not playthings.