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Your Rights

Who Regulates Robinhood — and What They Can Do

If this happens to you, these are the bodies that oversee brokerage firms. Here's an honest look at what each one is for — and its limits.

FINRA

Financial Industry Regulatory Authority. The body that licenses and polices brokerage firms in the United States, overseen by the SEC. Robinhood Financial is a FINRA member firm (CRD #165998).

What it does

When you file a complaint, FINRA forwards it to the firm, and member firms are required to respond to FINRA. The complaint becomes part of the firm's regulatory record.

Its limit — honestly

FINRA investigates rule violations and can discipline firms. It does not act as your personal lawyer and generally will not force a firm to reverse a business decision like an account closure. The value is the record and the required response.

The SEC

U.S. Securities and Exchange Commission. The federal agency that oversees the securities markets, including FINRA itself.

What it does

It accepts investor complaints and tips, and provides investor assistance. Complaints help it spot patterns of misconduct across a firm.

Its limit — honestly

Like FINRA, the SEC enforces the law and pursues patterns of wrongdoing; it usually will not resolve a single private dispute for you directly. But it is the federal agency a member of Congress can ask about on your behalf.

The CFPB

Consumer Financial Protection Bureau. A federal agency for complaints about consumer financial products and services.

What it does

It forwards your complaint to the company and the company is expected to respond, typically within a set timeframe. Complaints go into a public database.

Its limit — honestly

It is most clearly suited to banking and consumer-finance products; brokerage disputes may be routed elsewhere, but filing still creates a documented, forwarded record.

Your Members of Congress

If you are stuck with a federal agency (like the SEC), your U.S. Senators and Representative can open "casework" to inquire on your behalf as a constituent. They do not publish personal email addresses — you reach them through their official contact forms, which verify your home address. This is a real, underused channel for residents.