Robinhood Markets Inc. has hired two officials from its front-line regulator as the fast-growing brokerage looks to move beyond a series of compliance problems and prepares for an expected initial public offering later this year.
Josh Drobnyk joined the firm this week as vice president of corporate relations and communications, while Anthony Cavallaro will start early next month as head of regulatory services and fraud oversight for its Robinhood Financial subsidiary, the company said in a statement Thursday. Both come from the Financial Industry Regulatory Authority, the industry-funded brokerage watchdog.
With its user-friendly smartphone app and commission-free trades, Robinhood has ...
