Robinhood Regulatory Issues Test New Team After Lawyers Exit

Robinhood Markets Inc. will test a new in-house legal and compliance team as it faces lawsuits and regulatory scrutiny after outraged customers were barred from trading in GameStop and other stocks on the company’s platform last week.

Three top lawyers left the privately held online brokerage in January on the heels of three more notable legal and compliance exits late last year.

Archit Shah, Robinhood’s former general counsel; Nili Moghaddam, its former head of litigation and investigations; and Kirtan Mehta, senior counsel for global public policy, all left the company in January, according to their LinkedIn profiles.

Rich Jackson, a ...