The agreement states that using API products may provide third-party API licensees with access to the customer's account and personal information, including username, password, financial information, and trade data. The agreement acknowledges that API licensee security standards may be less stringent than Robinhood's own standards.
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
This provision discloses that API product use may transfer sensitive financial and identity information to third-party licensees whose security practices may be less rigorous than Robinhood's, and that customers consent to this risk by using the API products. The agreement states that Robinhood is not responsible for losses resulting from personal information sharing with API licensees.
Under this clause, customers who use API products consent to third-party API licensees accessing their account credentials, financial information, and trade data, and acknowledge that those licensees may have weaker security practices than Robinhood. The agreement states customers bear responsibility for losses resulting from this sharing.
Cross-platform context
See how other platforms handle API and Personal Information Sharing with Third-Party Licensees and similar clauses.
Compare across platforms →"Through your use of any API Products, you may be providing API Licensees with access to your Account and Personal Information. "Personal Information" means any information that identifies, describes, or is capable of being associated with an individual (including username, logon password, financial information, trade data, and other financial information). By using any API Products, you acknowledge that such API Products may employ security, policies, procedures, and systems of API Licensees which may or may not be less stringent and secure than Robinhood's.Excerpt from Robinhood's Customer Agreement (PDF)
(1) REGULATORY LANDSCAPE: The sharing of customer financial information with third-party API licensees engages the Gramm-Leach-Bliley Act (GLBA) financial privacy provisions, SEC Regulation S-P governing the privacy of consumer financial information held by broker-dealers, and …
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This provision discloses that API product use may transfer sensitive financial and identity information to third-party licensees whose security practices may be less rigorous than Robinhood's, and that customers consent to this risk by using the API products. The agreement states that Robinhood is not responsible for losses resulting from personal information sharing with API licensees.
Under this clause, customers who use API products consent to third-party API licensees accessing their account credentials, financial information, and trade data, and acknowledge that those licensees may have weaker security practices than Robinhood. The agreement states customers bear responsibility for losses resulting from this sharing.
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