Did your investing account statement show a small credit or order you didn’t place? When reviewing trades for execution quality, Robinhood sometimes issues credits or corrects trades. Typically, this is because Robinhood reviews its trades in an effort to obtain the best executions for its customers at prices within the National Best Bid or Offer, otherwise known as the NBBO. As a result, you may see cash credits and/or trade corrections that either improve your execution price or have a neutral effect on your investing account; this will be reflected on your investing account statement after the credits are issued and/or trade corrections are made.

Trade corrections are reflected in one of the following ways:

• An improved price (for example, your order to buy one share of YOWL, which was executed at $42.33, was canceled and rebooked at $42.30, giving you a better price by $0.03)

• Or a disimproved price, in which case we’ve issued you a cash credit equaling the amount of the correction in your account (for example, your order to buy one share of YOWL, which was executed at $42.33, was canceled and rebooked at $42.35, with Robinhood issuing a $0.02 cash credit to offset the disimproved price)

These credits or corrections might appear in different months than the original transactions.