As a financial institution, Robinhood is required by federal law (Gramm-Leach-Bliley Act) to explain how it collects and shares your financial information and to give you the opportunity to limit certain sharing.
Why it matters
Federal law provides baseline privacy protections for your financial data at Robinhood, including limits on sharing with non-affiliated third parties and the right to opt out of certain sharing arrangements.
The GLBA Privacy Rule (16 C.F.R. Part 313) requires Robinhood Financial LLC and Robinhood Securities LLC to provide initial and annual privacy notices, disclose information-sharing practices, and honor opt-out elections for non-affiliated third-party sharing; the Safeguards Rule also imposes data security obligations.
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Regulatory citations, enforcement risk, and due diligence action items.
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Consumer impact
Robinhood collects extensive personal and financial data — including transaction history, device data, and behavioral inferences — 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.
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.
Opt Out of Arbitration
Review Robinhood's GLBA privacy notice available on their website. To limit sharing with non-affiliated third parties under GLBA, submit an opt-out request via the app privacy settings or robinhood.com/privacy.
Applicable agencies
Consumer Financial Protection Bureau (cfpb)
Regulates consumer financial products and services. Can investigate companies for unfair, deceptive, or abusive financial practices including improper fees, billing errors, and data misuse.
Who can file: Anyone who has used a consumer financial product or service in the US
What you need: Account number or details, dates of transactions or events, description of the issue, and any supporting documents
What to expect: The company must respond within 15 days. The CFPB forwards your complaint and may use it in enforcement actions. Individual compensation is possible in some cases.
Regulates securities markets and investment platforms. Can investigate broker-dealers, investment advisers, and trading platforms for violations of securities laws.
Who can file: Anyone with knowledge of a possible securities law violation
What you need: Description of the potential violation, names of individuals or companies involved, relevant dates, and any supporting documents or evidence
What to expect: Tips are reviewed by SEC staff. The SEC may open an investigation but is not required to take action on every tip. Whistleblowers may be eligible for financial awards if the tip leads to enforcement.