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Violation Tracker Individual Record

Company: Robinhood Financial LLC
Current Parent Company: Robinhood Markets
Penalty: $9,000,000
Year: 2024
Date: July 16, 2024
Offense Group: consumer-protection-related offenses
Primary Offense: privacy violation
Violation Description: Robinhood Financial agreed to pay $9 million to settle litigation alleging that its Refer A Friend program caused non-users to receive unsolicited promotional texts, thus violating Washington State law.
Level of Government: federal
Action Type: private litigation
Court: Western District of Washington
Civil or Criminal Case: civil
Case ID: 2:21-cv-01571
Case Name: Moore v. Robinhood Financial LLC
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: investor services
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.