Robinhood · Robinhood Customer Agreement · View original document ↗

Securities Lending Program and Compensation Retention

Medium severity High confidence Explicitdocumentlanguage Unique · 0 of 325 platforms
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Recent governance activity Robinhood recorded 3 documented changes in the last 30 days.
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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

ConductAtlas Analysis

Why it matters (compliance & governance perspective)

This clause establishes the operational framework under which RHS monetizes securities lending activity. By retaining all compensation from lending activities, RHS creates a revenue stream from account assets while margin account holders bear the counterparty risk associated with securities being loaned.

Consumer impact (what this means for users)

Margin account holders authorize their securities to be lent without compensation, meaning RHS receives lending fees and rebates while account holders receive no share of those proceeds. The account holder retains ownership rights but the securities are unavailable for sale while on loan to RHS or third parties.

How other platforms handle this

WhatsApp Medium

We store information until it is no longer necessary to provide our services and WhatsApp Products, or until your account is deleted or becomes inactive, whichever comes first. This is a case-by-case determination that depends on things like the nature of the information, why it is collected and pro...

Roblox Medium

You may request deletion of your account at any time. When you request account deletion, we will delete or anonymize your personal information unless we are required to retain it by law, or unless we need to retain it for legitimate business purposes such as resolving disputes, enforcing our agreeme...

Windsurf Medium

Slack (Sees no code data): We use Slack for internal communications. We may discuss logs of data for debugging purposes from users that are not using Zero-data retention mode. Google Workspace (Sees no code data): We use Google Workspace for collaboration. We may discuss logs of data for debugging p...

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▸ View Original Clause Language DOCUMENT RECORD
"
You hereby authorize RHS to lend, either to itself or to others, any securities held in your account on margin. RHS may receive compensation in connection with lending your securities and RHS is not required to pay you any portion of that compensation.

— Excerpt from Robinhood's Robinhood Customer Agreement

Applicable regulations

CCPA/CPRA
California, USA
FCRA
United States Federal
GLBA
United States Federal
Indiana Consumer Data Protection Act
US-IN

Provision details

Document information
Document
Robinhood Customer Agreement
Entity
Robinhood
Document last updated
May 5, 2026
Tracking information
First tracked
March 6, 2026
Last verified
May 12, 2026
Record ID
CA-P-007602
Document ID
CA-D-00050
Evidence Provenance
Source URL
Wayback Machine
Content hash (SHA-256)
42fdece1ce06bb1213691f7474d4463025e28fcf4db4d7ada943d32d7009952a
Analysis generated
March 6, 2026 20:25 UTC
Methodology
Evidence
✓ Snapshot stored   ✓ Hash verified
Citation Record
Entity: Robinhood
Document: Robinhood Customer Agreement
Record ID: CA-P-007602
Captured: 2026-03-06 20:25:05 UTC
SHA-256: 42fdece1ce06bb12…
URL: https://conductatlas.com/platform/robinhood/robinhood-customer-agreement/securities-lending-program-and-compensation-retention/
Accessed: May 20, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
Classification
Severity
Medium
Categories

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Frequently Asked Questions

What does Robinhood's Securities Lending Program and Compensation Retention clause do?

This clause establishes the operational framework under which RHS monetizes securities lending activity. By retaining all compensation from lending activities, RHS creates a revenue stream from account assets while margin account holders bear the counterparty risk associated with securities being loaned.

How does this clause affect you?

Margin account holders authorize their securities to be lent without compensation, meaning RHS receives lending fees and rebates while account holders receive no share of those proceeds. The account holder retains ownership rights but the securities are unavailable for sale while on loan to RHS or third parties.

Is ConductAtlas affiliated with Robinhood?

No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Robinhood.