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This analysis describes what Robinhood's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
The clause establishes the scope and limits of investor protection available through SIPC membership, defining the maximum recovery available for account holders and identifying categories of loss that fall outside SIPC's coverage framework.
The updated terms establish new fiduciary verification and personal liability provisions for trust and custodial accounts. Trustees are now required to complete Robinhood's identity verification and onboarding before accessing trust accounts, notify Robinhood promptly of any material changes to the trust (amendments, revocation, trustee changes), and provide the correct taxpayer identification number for the trust. The revised language states that trustees are personally liable for obligations, debts, or negative equity arising from instructions given outside the scope of their authority under the trust instrument or applicable law. Robinhood reserves the right to freeze trust accounts or request updated documentation at any time, and will rely on instructions from any onboarded trustee without requiring consent from co-trustees or verifying compliance with the trust instrument. You should consult a tax advisor regarding the appropriate taxpayer identification number for your trust and review your fiduciary authority under the applicable trust instrument before executing trades.
View change record →Users operate under a defined protection structure where account losses due to firm insolvency or operational failures are covered up to specified monetary limits, while losses attributable to market fluctuations remain outside this protective coverage.
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"Your account is protected by the Securities Investor Protection Corporation (SIPC). SIPC protects customers of SIPC members up to $500,000 (including $250,000 for claims for cash). SIPC does not protect against loss from market fluctuations.Excerpt from Robinhood's Customer Agreement (PDF)
Provision-level monitoring, governance timelines, and regulatory mapping built from archived source documents and historical version tracking.
The clause establishes the scope and limits of investor protection available through SIPC membership, defining the maximum recovery available for account holders and identifying categories of loss that fall outside SIPC's coverage framework.
Users operate under a defined protection structure where account losses due to firm insolvency or operational failures are covered up to specified monetary limits, while losses attributable to market fluctuations remain outside this protective coverage.
ConductAtlas has identified this type of provision across 145 platforms. See the full comparison.
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