Trade or price adjustments on my statement
In 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 brokerage account; this will be reflected on your brokerage account statement after the credits are issued and/or trade corrections are made.
Any trade correction will be reflected in one of two ways:
An improved price (for example: your order to buy one share of MEOW, 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 MEOW, 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 and/or corrections might appear in different months than the original transactions.