Dan Gallagher, chief legal officer of Robinhood. Courtesy photo Robinhood's Legal Department Is Busy: Takeaways From Meme Broker IPO Filing
The company's S-1, filed Thursday, offered a peek into the issues its legal department has been tackling, and the CLO's hefty compensation package.
July 02, 2021 at 03:39 PM
3 minute read
Hot on the heels of a hefty $70 million regulatory settlement, the largest in FINRA history, retail broker Robinhood has launched its IPO.
An initial public offering would have been enough to keep the company's legal department busy, but the settlement news came just days before. "We are glad to put this matter behind us and look forward to continuing to focus on our customers and democratizing finance for all," the company said in a statement via communications chief Jacqueline Ramsay, when asked about the matter.
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