This provision authorizes Robinhood to sell any securities or property held across all customer accounts, cancel open orders, and close positions without advance notice whenever Robinhood determines it is necessary in its discretion. The customer expressly waives any right to prior notice or demand.
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 Robinhood's discretionary liquidation authority applies across all customer accounts without a preceding notice or demand requirement, and that the customer has contractually waived those notice rights. Compliance teams should evaluate whether FINRA Rule 4210 and applicable SRO rules impose notice obligations that may operate independently of this contractual waiver.
Interpretive note: The enforceability of the contractual notice waiver may depend on whether FINRA Rule 4210 imposes independent procedural obligations that supersede the contractual term.
This provision establishes that Robinhood may liquidate positions, cancel orders, and close account commitments without advance notice in Robinhood's sole discretion, and that the customer has waived any right to prior demand for margin or collateral. The agreement applies this authority to all accounts held individually or jointly.
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Compare across platforms →"Whenever in its discretion Robinhood considers it necessary for the Customer's protection, or in the event of, but not limited to: (i) any breach by the Customer of this or any other agreement with Robinhood; or (ii) the Customer's failure to pay for securities and other property purchased or to deliver securities and other property sold, Robinhood may sell any or all securities and other property held in any of the Customer's accounts (either individually or jointly with others), cancel or complete any open orders for the purchase or sale of any securities and other property, and/or borrow or buy any securities and other property required to make delivery against any sale, including a short sale, effected for the Customer, all without notice or demand for deposit of collateral, other notice of sale or purchase, or other notice or advertisement, each of which is expressly waived by the Customer.Excerpt from Robinhood's Margin Account Rules
(1) REGULATORY LANDSCAPE: This provision engages FINRA Rule 4210, which governs margin requirements and the procedures broker-dealers must follow regarding margin calls and liquidation.
Enforcement risk, jurisdiction flags, contract triggers, and due diligence action items.
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This clause establishes that Robinhood's discretionary liquidation authority applies across all customer accounts without a preceding notice or demand requirement, and that the customer has contractually waived those notice rights. Compliance teams should evaluate whether FINRA Rule 4210 and applicable SRO rules impose notice obligations that may operate independently of this contractual waiver.
This provision establishes that Robinhood may liquidate positions, cancel orders, and close account commitments without advance notice in Robinhood's sole discretion, and that the customer has waived any right to prior demand for margin or collateral. The agreement applies this authority to all accounts held individually or jointly.
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