Jun. 29, 2021
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. Hi my name is Daniel Genung (DF2GJWRLBT). I'm writing this in response to the letter I received in the mail about the lawsuit against Robinhood. I'm thrilled to be a part of this, and would like to take a moment to thank you for your diligence. I began trading in 2018 and used the app in question (Robinhood) for the start of my trading life. I found a love and passion for trading as soon as I started. I read everything I could find, for every question I couldn't answer, I would purchase another book. This has led to a library of books that I'm proud to own. I've continued to trade, though on another app due to constant issues with Robinhood, including the problem we're here for today and also future issues that will probably come to light as well. (controlling the trading with their app, using methods that will prove to be unlawful. (reference IBIO, and Gamestop) I've been trading for 3 years now and my understanding of the market has grown immensely. With this knowledge I'm now able to identify and explain the effect of these illegal Robinhood has used on me, has been detrimental to me, in many psychological ways and I believe I should be compensated as such. My life has been hit with a lot of ups and downs, as we all have but for this I will say that I was ready to change my life and was willing to dedicate myself to trading. I still am if not more dedicated to this day. I decided to take my life savings and challenge myself with a new career path with the "help" of the Robinhood app. Though some would disagree on this strategy, it was my choice and mine alone to attempt such a feat. This being said, I plead my case. The crime they committed by abusing the pricing to steal back their commission fees had a much deeper effect than just their outright criminal stealing while using false advertisement which they targeted new traders. It's the psychological effects/mental strain they caused that was detrimental to not only my decision making in future trades but also my mental state in life. You can't predict the future but the snowball affect it had on my life was so great that it left me in a state of panic. I continued to learn an grow in the market while having the added stress of failing and losing all I had worked for. I remind you, that I was new, and they targeted me as their customer and took advantage knowing the damage they could cause. There is no way to tell how winning or making proper moves based on the true information given, would've have changed the outcome of my future trades. But I can tell you that the constant beat down carried through to the following years I used Robinhood in the manner I did. This snowball effect of depression and loss would carry me deeper into a hole because I truly felt it was my dream to do this and it made sense to continue along this path. Again, the adverse effect it had is more than the money. I'm now with another company and have been for a year but I have kept my Robinhood account for other reasons. Robin hood attempted to pay me off, TWICE, for what I believed was the misuse of their app, which they shut down and or corrupted their app to lock me out of getting out a major trade that again cost me thousands. They did a similar event which is very public, in gamestop. Using their position of power to prey on the little retail investor like myself. I declined their offers because they offered less than pennies on the dollar to quiet me and I responded by declining their offers and emailing back that if a lawsuit would ever come to light that I would be there and happily be a part of taking them down in any way that I could. In 2018 I lost around $10,000, but the effects led to losing as much as $37,000 in which I was able to recover about $32,000 back before being locked out of that previous mentioned IBIO trade an was sent back down into a depression. I felt like I was stolen from and had no voice to do anything about it. I pleaded with them and explained what they had done and they sent that insulting offer of $75 (twice) as I said. It says in the suit that will calculate the harm they had done and future compound interest. I believe had I been given a fair chance in all of this but in particular the case at hand, that I would have been able to turn this around while continue to grow as a trader. Constantly living pay check to pay check and failing with your hard earn money and now to find out it was stolen from me mentally and physically has led me to the conclusion that I would like compensation for total losses of $37,000 plus compounded interest so I'm going to ask for what I believe is fair. The fair amount due is $100,000 for future gains compounded. Once again I'd like to thank you for your time spent helping me recover my life savings, and more importantly, my self worth and happiness. Thank you and given the times we're in, please stay healthy.