The policy states that personal data is retained for the duration of the user relationship and up to five years after it ends for regulatory compliance, with longer retention permitted for legal proceedings or other regulatory requirements.
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 provision establishes a default retention period of up to five years post-relationship for data held in connection with regulated financial services obligations. The open-ended extension for legal or regulatory reasons means retention may exceed five years in practice depending on litigation or regulatory circumstances.
The updated privacy policy reorganizes how Robinhood discloses its handling of financial information, now grouping GLBA-regulated disclosures by individual service entity with updated reference links rather than listing all entities in a single section. The policy also removed coverage of Robinhood Social, meaning privacy practices for that social media product are no longer described in this statement. The revised policy clarifies that it applies when you are logged into services or interact through online customer service channels, and directs users to a separate Robinhood Markets US Online Privacy Statement for information about non-financial data collection practices.
View change record →Added specific retention timeframe (up to 5 years post-relationship) and regulatory compliance reasoning; removed explicit commitment to remove/anonymize data.
View full change record →Severity reduced from medium to low; renamed to "Data Retention Practices" with expanded explanation of retention purposes and added commitment to removal or anonymization.
View full change record →Under this provision, personal information collected by Robinhood may be retained for up to five years after a user closes their account, and potentially longer if required by law or in connection with a pending or potential legal claim. The agreement does not specify a maximum outer retention limit for the extended retention category.
How other platforms handle this
Affirm will retain your information in accordance with our Privacy Policy and any applicable state or federal law, rule or regulation.
We collect and keep personal data only as needed or allowed for the purposes set out in this Statement, based on the reason we collected the personal data in the first instance and what is permitted under the laws that apply to the processing.
Mistral AI shall retain the Customer Exportable Data and Assets for a period of thirty (30) days from the earlier between (a) the expiration of the Transitional Period or (b) Customer's notification under Section 2.2.2 (b) of these Additional Terms.
"We retain your personal information for as long as necessary to achieve the original purpose(s) for which we collected it and to comply with relevant laws. For example, we may retain certain data for the duration of your relationship with us and for a period of up to 5 years after the relationship ends in order to comply with our obligations as a regulated financial institution. We may also keep your personal data for a longer period if required by law, in connection with an ongoing or potential claim, or for another legitimate legal or regulatory reason.Excerpt from Robinhood's Privacy Policy
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Enforcement risk, jurisdiction flags, contract triggers, and due diligence action items.
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This provision establishes a default retention period of up to five years post-relationship for data held in connection with regulated financial services obligations. The open-ended extension for legal or regulatory reasons means retention may exceed five years in practice depending on litigation or regulatory circumstances.
Under this provision, personal information collected by Robinhood may be retained for up to five years after a user closes their account, and potentially longer if required by law or in connection with a pending or potential legal claim. The agreement does not specify a maximum outer retention limit for the extended retention category.
ConductAtlas has identified this type of provision across 275 platforms. See the full comparison.
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