This provision establishes a first-priority security interest in favor of Robinhood over all securities and property held in any customer account, including future accounts and jointly held accounts, regardless of whether Robinhood has made advances against specific assets. Robinhood is authorized to transfer securities among accounts without notice.
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 clause establishes that the security interest applies broadly across all present and future accounts, including accounts in which the customer has an interest, not solely the margin account generating the obligation. This cross-account lien structure has operational implications for customers who hold both margin and cash accounts with Robinhood.
The agreement establishes Robinhood's first-priority lien over all securities and property held in any account the customer has with Robinhood, including jointly held accounts, and authorizes transfer of assets among accounts without advance notice. This lien attaches regardless of whether Robinhood has made advances against the specific securities subject to the lien.
Cross-platform context
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Compare across platforms →"Any and all securities and other property now or hereafter held, carried or maintained by Robinhood in or for any of the accounts of the Customer (either individually or jointly with others), now or hereafter opened, including any accounts in which the Customer may have an interest, shall be subject to a first and prior lien and security interest for the discharge of all of the obligations of the Customer to Robinhood, whenever or however arising and without regard to whether or not Robinhood have made advances with respect to such securities and other property, and Robinhood is hereby authorized to sell and/or purchase any and all securities and other property in any of the Customer's accounts, and/or to transfer any such securities and other property among any of the Customer's accounts, to the fullest extent allowed by law and without notice where allowed.Excerpt from Robinhood's Margin Account Rules
(1) REGULATORY LANDSCAPE: This provision engages SEC Rule 15c3-3 governing the protection of customer property and the use of customer assets as collateral.
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This clause establishes that the security interest applies broadly across all present and future accounts, including accounts in which the customer has an interest, not solely the margin account generating the obligation. This cross-account lien structure has operational implications for customers who hold both margin and cash accounts with Robinhood.
The agreement establishes Robinhood's first-priority lien over all securities and property held in any account the customer has with Robinhood, including jointly held accounts, and authorizes transfer of assets among accounts without advance notice. This lien attaches regardless of whether Robinhood has made advances against the specific securities subject to the lien.
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