Robinhood Markets controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Cryptocurrency compliance enforcement
New York regulators fined Robinhood’s cryptocurrency unit over alleged deficiencies involving anti-money-laundering and cybersecurity programs.
2021
GameStop purchase restrictions
Robinhood and other broker-dealers restricted purchases of selected securities during extreme volatility after clearing collateral requirements rose. Critics alleged that the action disadvantaged retail investors, while Robinhood attributed it to settlement and collateral obligations.
2021
Customer-data breach
A voice-phishing incident involving an employee exposed email addresses and other personal information belonging to millions of customers.