As a financial services platform, Robinhood holds sensitive data including your investment portfolio, banking information, Social Security number, and trading patterns, and the scope of permissible data sharing with third parties could expose this sensitive information beyond what you might expect.
Consumer impact
Robinhood operates through multiple separate legal entities — Robinhood Financial LLC (brokerage), Robinhood Securities LLC (clearing), and Robinhood Crypto LLC — meaning your protections, insurance coverage, and legal recourse differ depending on which product you use. Crypto assets held with Robinhood Crypto LLC are not protected by SIPC, so if Robinhood's crypto subsidiary fails, you may have limited recourse to recover your digital assets. You can review which entity holds your assets and the applicable agreements by navigating to the specific product disclosures linked in Robinhood's Disclosure Library at robinhood.com/us/en/about/legal.
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 and other eligible users can submit a data deletion request through Robinhood's privacy page. Navigate to Privacy Policy, select 'California Privacy Rights' or 'Submit a Privacy Request,' and complete the online form specifying the data you want deleted.
Applicable agencies
FTC
The FTC enforces GLBA privacy regulations for non-bank financial institutions including broker-dealers, and has authority over unfair or deceptive data sharing practices under Section 5 of the FTC Act.
The CFPB enforces Regulation P (12 CFR Part 1016) governing customer financial privacy notices and opt-out rights applicable to Robinhood's brokerage and banking products.