Robinhood’s Gallagher Drops Out of SEC Chair Consideration

Dan Gallagher, the top lawyer at Robinhood Markets Inc., has removed himself from consideration to lead the US Securities and Exchange Commission under President-elect Donald Trump.

“I have made it clear that I do not wish to be considered for this position,” Gallagher said in an emailed statement. He added that it’s an honor to have his name “in the mix.”

Dan Gallagher

Photographer: Ting Shen/Bloomberg

“I am committed to Robinhood and our millions of customers who represent the new generation of retail investors,” Gallagher said. He also said he was excited to work with the incoming Trump administration and next ...