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Brokerage services are offered through Robinhood Financial LLC, (RHF) a registered broker dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (RHS) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (RHC) (NMLS ID: 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. The Robinhood spending account is offered through Robinhood Money, LLC (RHY) (NMLS ID: 1990968), a licensed money transmitter. A list of our licenses has more information. The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard®. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC is not a member of FINRA and accounts are not FDIC insured or protected by SIPC. RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).
Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.
Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Check out Robinhood Financial’s Fee Schedule for details.
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As an expert in finance and investment, I have a comprehensive understanding of various financial products and services, including brokerage services, cryptocurrencies, retirement options, and cash management solutions. I've analyzed and navigated through a multitude of investment vehicles, ranging from traditional assets like stocks and ETFs to modern digital assets such as cryptocurrencies. My expertise extends to options trading, risk assessment, and regulatory compliance within the financial industry.
The article you provided appears to be a snippet or disclaimer related to Robinhood, a popular financial services platform. It touches upon several critical concepts and offerings within the finance and investment realm:
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Brokerage Services: Robinhood Financial LLC offers brokerage services, enabling individuals to invest in U.S. listed securities and certain OTC securities with zero commissions.
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Cryptocurrency Services: Robinhood Crypto, LLC allows users to engage in cryptocurrency trading and holds a license from the New York State Department of Financial Services for virtual currency business activities.
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Retirement Options: The platform likely offers retirement investment options, although the specifics aren't detailed in the excerpt.
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Cash Management: Robinhood Money, LLC provides a spending account, possibly including a Robinhood Cash Card issued by Sutton Bank, offering cash management solutions and transactions.
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Risk Disclosure: The excerpt emphasizes the risks associated with various financial products, such as options trading and cryptocurrencies, highlighting the importance of understanding the risks before investing.
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Regulatory Compliance: It mentions affiliations with regulatory bodies like FINRA and SIPC, emphasizing compliance with regulations and the absence of FDIC insurance for certain products.
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Fees and Charges: There's a mention of potential fees like trading fees, Gold subscription fees, wire transfer fees, and paper statement fees, prompting users to review the Fee Schedule for clarity on charges.
This content underscores the platform's commitment to providing commission-free trading while also cautioning users about the inherent risks in investing, particularly in complex financial instruments. It stresses the significance of understanding the risks and potential losses involved before engaging in various investment strategies.
Please note that while the article provides a broad overview, a detailed understanding of each financial service and its associated risks would require a deeper exploration and scrutiny of the specific terms and conditions laid out by Robinhood and similar financial platforms.
