Robinhood's services are not directed at children under 18 and the company states it does not knowingly collect personal information from minors.
This provision limits Robinhood's services to adults, consistent with financial regulatory requirements, and signals that COPPA-style protections are in place for minors.
While Robinhood's age restriction aligns with COPPA's prohibition on collecting data from children under 13, financial services regulations (including FINRA rules) effectively require users to be adults; compliance teams should ensure identity verification processes prevent minor account creation.
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Robinhood collects extensive personal and financial data β including transaction history, device data, and behavioral inferences β and shares it with affiliates, service providers, and third-party advertising partners. This means your investment activity and financial profile may inform targeted advertising both on and off the platform. You can opt out of the sale or sharing of your personal information for targeted advertising by visiting Robinhood's privacy settings in the app or at robinhood.com/privacy.