Robinhood Financial LLC

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06/30/2021: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2020066971201 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Robinhood Financial LLC (Respondent) Member Firm CRD No. 165998 Pursuant to FINRA Rule 9216, Respondent Robinhood Financial LLC submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2020066971201data-portal.finra.orgfinra.org

12/19/2019: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2017056224001 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Robinhood Financial, LLC, Respondent CRD No. 165998 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Robinhood Financial, LLC ("Robinhood," the "Firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations

Reference 2017056224001data-portal.finra.orgfinra.org

03/06/2025: From May 2014 through September 2023, RHF, and from at least November 2018 through July 2022, RHS, failed to establish and maintain supervisory systems that were reasonably designed for the firms' brokerage businesses, resulting in numerous violation of securities laws and FINRA rules. Providing customers with inaccurate or incomplete disclosures regarding collaring - From July 2016 to October 2021, RHF did not accurately and completely disclose to customers its practice of "collaring" market orders by converting them to limit orders, and, from May 2014 to December 2021, RHF's supervisory system was not reasonably designed to achieve compliance with RHF's obligations under FINRA Rules 2210 and 2010 to communicate to customers accurate and fair and balanced information about its order handling practices. As a result, RHF violated FINRA Rules 2210, 3110, and 2010 (both independently and by virtue of the foregoing rule violations), and NASD Rule 3010. Failure to establish reasonable AML programs and CIP...

Reference 2019060756501data-portal.finra.orgfinra.org