I know this might come across as cold, but I don't like the idea of Robinhood being liable for their users' misfortune. The new set of direct brokerage platforms allow people like me to manage their account directly, while my father and his father before him had to rely on someone from the bank. It effectively democratized portfolio management and I see it as a net positive for most people.

Maybe there could be a bit of a higher bar of entry with a basic 10 questions forms to ensure that investors know the terminology. Akin to how you need to fill a questionnaire to determine your investor profile when investing through a mutual fund.