Robinhood Raids Goldman, Wells Fargo, Ameritrade for Legal Pros

Robinhood Markets Inc., the stock trading startup, has snapped up talent from top financial firms as it battles legal, compliance, and regulatory actions.

The company has recruited Wells Fargo & Co.‘s Bethany Zorc to be associate general counsel for federal affairs, Goldman Sachs Group Inc.‘s Janet Broeckel to be head of litigation, and TD Ameritrade Holding Corp.‘s John Markle to be deputy general counsel for regulatory and product.

The hirings come as Robinhood faces a federal probe into payments from high-speed traders and a putative class action in California over platform outages that have hit the company ...