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TradeZero Taps New General Counsel Ahead of SPAC Merger

Dec. 1, 2021, 8:45 PM

TradeZero Holding Corp., a platform that provides software for active stock trading, named former Goldman Sachs vice president Andrew Koslow as its first general counsel.

Koslow “knows and understands the legal aspects of every part of our business and plans for growth,” TradeZero CEO and co-founder Daniel Pipitone said in a Wednesday statement.

Before joining TradeZero, Koslow worked for financial services company Clear Street as general counsel. He previously worked for Goldman Sachs, following the investment bank’s acquisition of Folio Financial.

Brokerages like Robinhood Markets Inc. and TradeZero have become popular with amateur investors during the pandemic, partially driven by surges in meme stocks. The average age of TradeZero’s customer base is 34, and as of June 30, the company had 18,000 active accounts.

Koslow’s experience also includes stints at Wedbush Securities, Cantor Fitzgerald, and The D.E. Shaw Group.

Koslow joined TradeZero in October. That month, the company also agreed to merge with blank check company Dune Acquisition Corp., which will value the company at $556 million.

The merger is expected to close in the first quarter of 2022 and will help TradeZero expand into Canada, Europe, and the Middle East next year, according to Pipitone.

“Internationalization is very much in my sweet spot,” Koslow said.

“I’ve previously represented companies with international businesses,” he added. “Getting them up and running in a compliant way in the local jurisdictions, and having the business meld in with other businesses in the U.S., is very attractive to me.”

To contact the reporter on this story: Ruiqi Chen in Washington, D.C. at rchen@bloombergindustry.com

To contact the editor responsible for this story: Chris Opfer at copfer@bloomberglaw.com;
John Hughes at jhughes@bloombergindustry.com

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