Robinhood Executive Attacks SEC’s Plans to Shake Up Stock-Trading Rules

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A top executive with Robinhood Markets Inc. blasted the Securities and Exchange Commission over its efforts to shake up the rules that govern U.S. stock trading, saying the market was functioning well for ordinary investors.

The comments from Robinhood Chief Legal Officer Dan Gallagher suggest that SEC Chairman Gary Gensler could have a tough time pushing through its plans, which grew out of last year’s frenzied trading in GameStop Corp . and other meme stocks.