What? That’s not true. That’s what SPIC is for. Just like if a bank goes under and it’s FDIC insured, then you’re fine.

Robinhood has SIPC coverage. This means your assets are backed by the Securities Investor Protection Corporation. Through this, users are protected for up to $250,000 in cash and up to $500,000 in assets. This would come into play if Robinhood were to file for bankruptcy and couldn’t provide users with full asset values.