What can I do about this clause?

{'method': 'WEB_FORM', 'recipient': 'https://robinhood.com/us/en/support/articles/ccpa-opt-out/', 'difficulty': 'MODERATE', 'action_type': 'DELETE_DATA', 'instructions': "California residents can submit a CCPA data deletion or opt-out request through Robinhood's privacy portal. Visit Robinhood's privacy page, locate the CCPA rights section, and submit your request with account verification information.", 'deadline_days': None, 'deadline_hours': None}

Which regulatory agencies enforce this type of clause?

{'agency': 'FTC', 'reason': 'The FTC enforces GLBA privacy requirements and FTC Act Section 5 against unfair or deceptive data collection and sharing practices by financial services companies including broker-dealers.', 'complaint_url': 'https://reportfraud.ftc.gov/'}, {'agency': 'State_AG', 'reason': "State attorneys general enforce CCPA and state consumer privacy laws applicable to Robinhood's data collection and sharing practices, with California's CPPA having primary enforcement authority.", 'complaint_url': 'https://www.naag.org/find-my-ag/'}

What is the severity of this clause?

ConductAtlas classifies this Data Collection and Third-Party Sharing clause as medium severity. Severity reflects the magnitude of rights affected, the breadth of users impacted, and the degree of discretion the platform retains.

Data Collection and Third-Party Sharing — Robinhood

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What it is

Robinhood collects extensive user data including trading activity, financial information, device data, and behavioral patterns, which may be shared with third-party partners, affiliates, and service providers for business purposes.

Consumer impact (what this means for users)

Robinhood collects and may share your financial account data, trading history, identity verification documents, and behavioral data with third parties, which could affect your financial privacy and potentially expose sensitive information to data breaches or secondary commercial uses.

What you can do

⚠️ These actions may provide transparency or partial mitigation but may not fully address the underlying issue. Effectiveness varies by jurisdiction and individual circumstances.

Delete Your Data

California residents can submit a CCPA data deletion or opt-out request through Robinhood's privacy portal. Visit Robinhood's privacy page, locate the CCPA rights section, and submit your request with account verification information.

Cross-platform context

See how other platforms handle Data Collection and Third-Party Sharing and similar clauses.

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Why it matters (compliance & risk perspective)

As a financial platform, Robinhood collects highly sensitive data including investment patterns, banking information, and identity documents, and the scope of third-party data sharing creates privacy risks beyond what typical consumers expect.

Institutional analysis (Compliance & legal intelligence)

(1) REGULATORY FRAMEWORK: Financial data privacy is governed by the Gramm-Leach-Bliley Act (GLBA, 15 U.S.C. § 6801 et seq.) and its implementing Regulation P (12 CFR Part 1016), which requires annual privacy notices and opt-out rights for sharing with non-affiliated third parties. CCPA (Cal. Civ. Code § 1798.100 et seq.) grants California residents rights to know, delete, and opt out of the sale of personal information. FTC Act Section 5 prohibits unfair or deceptive data practices. The SEC's Regulation S-P (17 CFR Part 248) governs privacy of consumer financial information held by broker-dealers. (2)

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Applicable agencies

FTC

The FTC enforces GLBA privacy requirements and FTC Act Section 5 against unfair or deceptive data collection and sharing practices by financial services companies including broker-dealers.
File a complaint →
State AG

State attorneys general enforce CCPA and state consumer privacy laws applicable to Robinhood's data collection and sharing practices, with California's CPPA having primary enforcement authority.
File a complaint →

Provision details

Document information

Document

Robinhood Margin Account Rules

Entity

Robinhood

Document last updated

April 29, 2026

Tracking information

First tracked

March 15, 2026

Last verified

April 27, 2026

Record ID

CA-P-003306

Document ID

CA-D-00052

Evidence Provenance

Source URL

https://cdn.robinhood.com/assets/robinhood/legal/RHS%20Customer%20Margin%20and%20Short%20Account%20Agreement.pdf

Wayback Machine

View archived versions →

SHA-256

71437511b2ed24920093d597ba4748833f9cd349af943fefda81a8347e5b73c1

Verified

✓ Snapshot stored ✓ Change verified

How to Cite

ConductAtlas Policy Archive
Entity: Robinhood | Document: Robinhood Margin Account Rules | Record: CA-P-003306
Captured: 2026-03-15 10:58:05 UTC | SHA-256: 71437511b2ed2492…
URL: https://conductatlas.com/platform/robinhood/robinhood-margin-account-rules/data-collection-and-third-party-sharing/
Accessed: May 2, 2026

Classification

Severity

Medium

Data Collection and Third-Party Sharing