Robinhood's chief legal officer Gallagher rules out becoming SEC chair, CNBC reports

Reuters00:52

Nov 22 (Reuters) - Robinhood Markets' Chief Legal Officer Dan Gallagher, a former commissioner of the Securities and Exchange Commission who was reportedly the frontrunner to become its chair under Donald Trump, told CNBC on Friday he was not interested in the role.

"I've made it clear to the relevant people that I'm not interested in being considered for the role," he said.

Gallagher, a Republican SEC commissioner from 2011 to 2015, joined Robinhood in 2020. He is expected to play a crucial role in the retail brokerage's defense in its dispute with the SEC over potential enforcement action related to the cryptocurrencies listed on its platform.

His appointment as the SEC chair would have marked a major milestone for the crypto industry, which has faced stringent scrutiny under current Chair Gary Gensler.

Gallagher's decision to bow out opens the door for other contenders. Among them is Paul Atkins, another former Republican SEC commissioner and CEO of consultancy Patomak Global Partners, Reuters reported earlier this month.

Robert Stebbins, a partner at law firm Willkie Farr & Gallagher who served as SEC general counsel during Trump's first administration, is also in the mix.

Trump's administration is taking shape as he nears his inauguration in January. On Thursday, the President-elect appointed Pam Bondi to be U.S. Attorney General.

(Reporting by Niket Nishant in Bengaluru; Editing by Alan Barona)

((Niket.Nishant@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2485965382?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-23 00:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2485965382","market":"us","top_or_hot":-1,"title":"Robinhood's chief legal officer Gallagher rules out becoming SEC chair, CNBC reports","media":"Reuters","content":"<html><body><p>Nov 22 (Reuters) - <a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> Markets'    Chief Legal Officer Dan Gallagher, a former commissioner of the Securities and Exchange Commission who was reportedly the frontrunner to become its chair under Donald Trump, told CNBC on Friday he was not interested in the role.</p><p>   \"I've made it clear to the relevant people that I'm not interested in being considered for the role,\" he said.</p><p>   Gallagher, a Republican SEC commissioner from 2011 to 2015, joined Robinhood in 2020. He is expected to play a crucial role in the retail brokerage's defense in its dispute with the SEC over potential enforcement action related to the cryptocurrencies listed on its platform.</p><p>   His appointment as the SEC chair would have marked a major milestone for the crypto industry, which has faced stringent scrutiny under current Chair Gary Gensler.</p><p>   Gallagher's decision to bow out opens the door for other contenders. Among them is Paul Atkins, another former Republican SEC commissioner and CEO of consultancy Patomak Global Partners, Reuters reported earlier this month.</p><p>   Robert Stebbins, a partner at law firm Willkie Farr &amp; Gallagher who served as SEC general counsel during Trump's first administration, is also in the mix. </p><p>   Trump's administration is taking shape as he nears his inauguration in January. On Thursday, the President-elect appointed Pam Bondi to be U.S. Attorney General. </p><p> (Reporting by Niket Nishant in Bengaluru; Editing by Alan Barona)</p><p>((Niket.Nishant@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood's chief legal officer Gallagher rules out becoming SEC chair, CNBC reports</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood's chief legal officer Gallagher rules out becoming SEC chair, CNBC reports\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-23 00:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nov 22 (Reuters) - Robinhood Markets'    Chief Legal Officer Dan Gallagher, a former commissioner of the Securities and Exchange Commission who was reportedly the frontrunner to become its chair under...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861559042.SGD","symbol_name":"日兴方舟颠覆性创新基金B SGD","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2485965382","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485965382","pubTimestamp":1732294326,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Nov 22 (Reuters) - Robinhood Markets'    Chief Legal Officer Dan Gallagher, a former commissioner of the Securities and Exchange Commission who was reportedly the frontrunner to become its chair under","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4127":"投资银行业与经纪业","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4547":"WSB热门概念","HOOD":"Robinhood","BK4539":"次新股"},"translate_title":"据CNBC报道，Robinhood首席法律官加拉格尔排除了成为SEC主席的可能性","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HOOD":1},"content_text":"Nov 22 (Reuters) - Robinhood Markets'    Chief Legal Officer Dan Gallagher, a former commissioner of the Securities and Exchange Commission who was reportedly the frontrunner to become its chair under Donald Trump, told CNBC on Friday he was not interested in the role.   \"I've made it clear to the relevant people that I'm not interested in being considered for the role,\" he said.   Gallagher, a Republican SEC commissioner from 2011 to 2015, joined Robinhood in 2020. He is expected to play a crucial role in the retail brokerage's defense in its dispute with the SEC over potential enforcement action related to the cryptocurrencies listed on its platform.   His appointment as the SEC chair would have marked a major milestone for the crypto industry, which has faced stringent scrutiny under current Chair Gary Gensler.   Gallagher's decision to bow out opens the door for other contenders. Among them is Paul Atkins, another former Republican SEC commissioner and CEO of consultancy Patomak Global Partners, Reuters reported earlier this month.   Robert Stebbins, a partner at law firm Willkie Farr & Gallagher who served as SEC general counsel during Trump's first administration, is also in the mix.    Trump's administration is taking shape as he nears his inauguration in January. On Thursday, the President-elect appointed Pam Bondi to be U.S. Attorney General.  (Reporting by Niket Nishant in Bengaluru; Editing by Alan Barona)((Niket.Nishant@thomsonreuters.com))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"Executive Changes","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485965382"}