Robinhood's Dan Gallagher, Former SEC Commissioner, Declines SEC Chair Role Amid Speculation $HOOD

Nov 22, 2024, 03:48 PM

Dan Gallagher, the Chief Legal Officer of Robinhood and a former SEC Commissioner, has officially declined consideration for the role of Chair of the U.S. Securities and Exchange Commission (SEC). Gallagher's decision comes amidst increasing speculation regarding potential successors for the position. His announcement was reported by CNBC, where he explicitly stated, "I am not interested in being considered for SEC Chair." This development may impact the ongoing discussions about leadership at the SEC as the agency navigates regulatory challenges in the financial markets.