Re:Tell HN: Instagram demands I send a picture of myself to ...
by acaloiar on Monday June 20, 2022 @10:12PM
(#31818989)
I'm thrilled to share tips about the process because despite reaching resolution, I think Robinhood has more to learn about how to appropriately handle this situation. There was a point in my process when there were 5 business-days of radio silence from support. IMO a support request from a client requesting access to their brokerage cash should be handled most expeditiously.
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Note: It was difficult to tell as a consumer which government entity was the most appropriate place with which to file a complaint. I will say that I filed both a CFTC "TCR" report and a SEC Investor Complaint form. From the former, I received no additional feedback (roughly three weeks later). From the latter, I received confirmation of the report immediately, and then confirmation of the complaint having been forwarded to Robinhood four days later. Shortly after that second confirmation is when I received a response from Robinhood support that the withdrawal ban on my account had been lifted.
Be specific about the action you've taken so far. Include your Robinhood Support request ID(s). Don't be heated or incendiary; simply provide the facts. Knowing Robinhood Support, the facts are sufficient for the SEC to take your complaint seriously.
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Note: It was difficult to tell as a consumer which government entity was the most appropriate place with which to file a complaint. I will say that I filed both a CFTC "TCR" report and a SEC Investor Complaint form. From the former, I received no additional feedback (roughly three weeks later). From the latter, I received confirmation of the report immediately, and then confirmation of the complaint having been forwarded to Robinhood four days later. Shortly after that second confirmation is when I received a response from Robinhood support that the withdrawal ban on my account had been lifted.
File your report here: https://www.sec.gov/oiea/Complaint.html
Be specific about the action you've taken so far. Include your Robinhood Support request ID(s). Don't be heated or incendiary; simply provide the facts. Knowing Robinhood Support, the facts are sufficient for the SEC to take your complaint seriously.
Good luck.