Robinhood · Robinhood Customer Agreement

Security Interest in All Account Assets

High severity
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What it is

Robinhood has a legal claim over all of the investments and assets in your account as collateral for any money you owe them, and they can lend out your securities held in a margin account to other parties.

Consumer impact (what this means for users)

All securities in your Robinhood margin account can be lent to other parties (such as short sellers) without your specific consent, and Robinhood holds a priority claim over all your account assets as collateral for any debt you owe. SIPC insurance covers up to $500,000 in securities but does not cover losses from rehypothecation in the event of broker insolvency.

Cross-platform context

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Why it matters (compliance & risk perspective)

By granting Robinhood a security interest over all account assets, you allow them to use your investments as collateral and lend them to third parties — meaning if Robinhood faced financial difficulties, your assets could be at risk beyond standard SIPC protections.

View original clause language
As security for the discharge of all present and future indebtedness and obligations owing by you to Robinhood Securities, you hereby pledge and grant to Robinhood Securities a security interest in and lien upon all securities and other property now or hereafter held, carried or maintained by Robinhood Securities for your account, and all proceeds thereof, including but not limited to securities acquired by you in your account. You authorize Robinhood Securities to use, lend, pledge or rehypothecate any and all securities held in a margin account without further notice to you.

Institutional analysis (Compliance & legal intelligence)

REGULATORY FRAMEWORK: This provision implicates SEC Rule 15c3-3 (Customer Protection Rule, 17 CFR 240.15c3-3), which governs broker-dealer obligations to safeguard customer assets and restricts rehypothecation to 140% of customer debit balances. The UCC Article 9 governs the security interest and lien created under this clause. SIPC coverage under 15 U.S.C. §78aaa et seq. provides up to $500,000 protection (including $250,000 cash) but does not cover rehypothecated assets that are not returned. Regulation T (12 CFR Part 220) provides the framework under which margin lending and associated pledging occur.

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Applicable agencies

  • SEC
    The SEC enforces Rule 15c3-3 governing broker-dealer obligations to protect customer assets and has authority over the scope of permissible rehypothecation of customer securities.
    File a complaint →

Provision details

Document information
Document
Robinhood Customer Agreement
Entity
Robinhood
Document last updated
April 29, 2026
Tracking information
First tracked
March 6, 2026
Last verified
April 27, 2026
Record ID
CA-P-003293
Document ID
CA-D-00050
Evidence Provenance
Source URL
Wayback Machine
SHA-256
42fdece1ce06bb1213691f7474d4463025e28fcf4db4d7ada943d32d7009952a
Verified
✓ Snapshot stored   ✓ Change verified
How to Cite
ConductAtlas Policy Archive
Entity: Robinhood | Document: Robinhood Customer Agreement | Record: CA-P-003293
Captured: 2026-03-06 20:25:05 UTC | SHA-256: 42fdece1ce06bb12…
URL: https://conductatlas.com/platform/robinhood/robinhood-customer-agreement/security-interest-in-all-account-assets/
Accessed: May 2, 2026
Classification
Severity
High
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