![]() ![]() India had deferred the deadline for implementation of mandatory import certification for n-butyl acrylate and toluene by six months, S&P Global Commodity Insights reported earlier.Ĭhina has been one of the largest suppliers of PTA to India as domestic demand in the country continues to grow with local production unable to cater to the increasing consumption trends, traders said.įrom January to April 2023, India imported around 543,060 mt of PTA of which 336,953 mt, or around 62% was from China alone, data from India's Department of Commerce website showed. "QCO is imposed, there won't be any notice further as if there was an extension then we see notice otherwise not," a source in India said referring to the absence of any notice on the Department of Chemicals and Petrochemicals website. In the run up to the deadline, market participants were expecting an extension to be granted given the large volumes of PTA sourced from China. The BIS norms for PTA set in from June 22 after the Indian government did not extend the deadline for import certification, traders said. Robinhood has recently come under fire when it stopped people from buying shares of GameStop and other stocks that exploded in a market frenzy last month.Receive daily email alerts, subscriber notes & personalize your experience. ![]() “We designed Robinhood to be mobile-first and intuitive, with the goal of making investing feel more familiar and less daunting for an entire generation of people previously cut out of the financial system,” the statement continued. Our mission is to democratise finance for all,” a spokesperson for the app told CBS. “We remain committed to making Robinhood a place to learn and invest responsibly. They also now have a call-back option from a live agent and a mechanism in place to escalate emails like the one that Alex sent, the outlet reported. Robinhood told CBS of the changes they had made since Alex’s devastating death, including adding instructions and educational materials for options trading and adding screening for experience for riskier trades. The Kearns said their son just wanted answers and help, the report said. ![]() Picture: Olivier Douliery/AFPĪnother lawyer for the family, Ethan Brown, told CBS that “they provide no mechanism through a telephone call, through live email service, to get live answers to questions”. Robinhood said they had made changes since Kearns’ devastating death. “Because they make it look like you owe $730,000 ($A946,000) when you really don’t owe anything,” Mr Blakeman told the outlet. “The information they gave him was just incredibly skewed and possibly completely wrong,” said Benjamin Blakeman, the Kearns family lawyer. In the suit expected to be filed on Monday, the parents said Robinhood “must be held accountable,” according to the news site. “How are those guardrails? How does that – how does that stop an 18-year-old from making risky trades that they don’t really understand?” Dan told CBS, referring to a screener question that allows someone to trade even if they respond that they don’t have much experience. Ironically, the app got back to the amateur trader the day after his suicide, saying, “Great news! We’re reaching out to confirm that you’ve met your margin call and we’ve lifted your trade restrictions,” according to the report.ĭan said the app should have stronger checks in place to screen for trader experience. There was no customer service number for Alexander to call and while he did email Robinhood three times, he only received an automatic response that app reps would get back to him when they could, noting a possible delay in replies, the report said. “He thought he screwed up beyond repair.”Īlex had been trading options, rather than stocks, so the negative balance was probably a temporary amount that showed until the options settled to his account. “He thought he blew up his life,” Alex’s dad, Dan Kearns, said in an interview with the network. University of Nebraska student Alexander Kearns, who had begun dabbling in trading, ran into problems on June 11 when the app put a hold on his account showing that he was $US730,000 ($A946,000) in the red and that he needed to pay over $US170,000 ($A220,000) in the coming days,CBS This Morning reported. The parents of a 20-year-old man who committed suicide after mistakenly believing he owed $US730,000 ($A946,000) to Robinhood plan to file a wrongful death suit against the stock trading app, according to a report. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |