Robinhood is making it more difficult to get access to its options offering in the wake of a customer’s suicide last week.
In a blog post Friday, Robinhood’s co-CEOs outlined multiple changes to the free-trading app. Robinhood will increase eligibility requirements, and “consider additional criteria” for customers for level three options authorization “to help ensure customers understand more sophisticated options trading.”
The company will also change its user interface. Robinhood said it would roll out improvements to in-app messages and emails associated with options spreads, and add more educational content related to that type of trading.
“Over the past week,