Robinhood Chief Legal Officer, Former SEC Commissioner
Washington DC
- Tweets 2,128
- Following 697
- Followers 13,903
- Likes 4,329
Dan Gallagher retweeted
American assets should be at America’s favorite broker. We’re offering 3% on transfers from Webull today.
Robinhood is proudly American, founded here to give everyday investors more access to the financial system.
If you’re still on Webull, bring your portfolio home and get 3% on your transfer today: rbnhd.co/oct-acats-transfer
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Dan Gallagher retweeted
Robinhood is proudly American, founded here to give everyday investors more access to the financial system.
If you’re still on Webull, bring your portfolio home and get 3% on your transfer today: rbnhd.co/oct-acats-transfer
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Dan Gallagher retweeted
Democratizing finance for Americans since day 1. Founded in the USA 🇺🇸.
Robinhood is proudly American, founded here to give everyday investors more access to the financial system.
If you’re still on Webull, bring your portfolio home and get 3% on your transfer today: rbnhd.co/oct-acats-transfer
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Dan Gallagher retweeted
Our efforts to expand ownership go far beyond the products currently available in our app. They also involve advocating for a financial ecosystem that works for everyone. See how we’re advancing policy conversations and sharing the retail perspective in our latest policy blog. robinhood.com/us/en/policy/b…
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Dan Gallagher retweeted
Making the 13 year old version of myself proud
T-1 day until Reason-1 heads to orbit aboard a @SpaceX Falcon 9.
Once in orbit, our first mission will attempt something no commercial spacecraft has done before: power on a kilowatt-class laser in space.
CEO @BaijuBhatt and COO @JoeYaffe with Reason-1 before its journey.
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Dan Gallagher retweeted
Trump Accounts for every eligible American child have officially been opened.
Claim your child's account today through the Trump Accounts app.
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With auto-enrollment underway, more than 60 million American children now have guaranteed access to the US capital markets.
Great to see this become a reality.
Millions of children have already enrolled in Trump Accounts. With automatic enrollment, over 60 million more eligible children now have an account ready to be claimed.
This is a transformative milestone in the Trump Administration's effort to give every American child the opportunity to build generational wealth and jump-start their financial future.
home.treasury.gov/news/press…
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This is a huge step forward in increasing retail shareholder voting. Proud Robinhood could work with @Tesla on this.
The SEC issued Tesla a no-action letter today clearing the way for a voting program that empowers retail investors.
This is what ownership should look like. When millions of people own shares of a public company, it should be easier for them to vote their shares.
We are proud to work with the outstanding team at Tesla to help make this happen. Congrats @Tesla and @elonmusk.
We already help a number of companies engage with their shareholders directly with messaging, retail voting programs, and live earnings Q&A available directly in-app. And we have more coming soon.
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Dan Gallagher retweeted
The SEC’s Rule 605 aims to promote further transparency in U.S. equity markets. But what’s missing in a broad review, and what do the numbers actually reveal? I’m diving into this in the latest Robinhood Policy Blog: robinhood.com/us/en/policy/b…
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Dan Gallagher retweeted
For too long, regulatory uncertainty has prevented responsible, yet critical innovation from taking root in the United States.
It has been a priority of my chairmanship to reverse this trend.
Though temporary, the Innovation Exemption is a principled, structured grant of relief designed to resolve genuine legal uncertainty, while providing investor protections and upholding market integrity standards.
Through this order and a number of ongoing initiatives, we will ensure that America remains the world’s premier destination to build the next generation of financial infrastructure.
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Great to see the SEC lead here.
Robinhood supports the @SECGov innovation exemption.
Americans deserve access to crypto technology and all of the financial innovations it makes possible, including instant settlement, 24/7 trading, and fractionalization by default.
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Back in 2015 (and for many years before and after that) I said: “I believe we need a long-term project to get the SEC out of the business of policing shareholder proposals.”
I guess 11 years counts as “long-term.” Bravo @SECPaulSAtkins!
sec.gov/news/speech/activism…
TODAY🚨: The SEC proposed rescinding Rule 14a-8, which exceeds the scope of the agency's statutory authority and intrudes into matters of state law.
The SEC also proposed amendments to Rule 14a-4(c) to provide companies with greater flexibility and shareholders with greater control regarding proposals for which a company may seek discretionary proxy voting authority.
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Dan Gallagher retweeted
Should companies be able to approve or veto the tokenization of their stocks?
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Men for others, my brother!
Must be that common Jesuit education @dangallagher. The Society of Jesus didn't teach backing down from what's right, did it? :)
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We know a little something about the U.S. securities laws and will not “DECIST.” Send your lawyers and we’ll educate them.
Seriously? What’s the concern you ask, @vladtenev? The list of concerns is almost existential.
U.S. securities laws are in place to protect investors. For good reason, we spend millions and millions of dollars every year to comply with U.S. securities laws. In good. conscience, how can Robinhood as a U.S. company set up an operation in far offshore Jersey, an island 3000 miles away, and market a security sort of posing as AMC in some shape or fashion, and not comply with U.S. securities laws. That is shocking and shameful.
Our past issuance of equity to strengthen our balance sheet was vital to our success. Your setting up some kind of fictitious synthetic equity market decouples stock token ownership from a company’s ability to control its own capital raising efforts.
Share ownership gives shareholders various rights, including the right to vote their shares. Your stock token pretend to be some form of stock ownership, but disclosures to the contrary notwithstanding, they are not ownership and they deprive investors of their rights.
This quasi-fake market you are creating on the island of Jersey sows distrust amongst the public about financial markets in general. There already is distrust in financial institutions, you are potentially making it far worse.
These are but a few of my concerns about your actions.
I hereby call on you and Robinhood to voluntarily CEASE AND DECIST the trading of AMC stock tokens. If you don’t, our high priced securities counsel has been asked to see whether we can force you to stop.
I also wonder how can the SEC possibly support your sham ignoring of U.S. securities laws. You can be sure we will be asking them.
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Dan Gallagher retweeted
This week, @MichaelDell and Susan Dell's gift starts reaching Trump Accounts across America.
$250 invested for up to 25 million kids – an incredibly generous commitment to giving more children a stake in America's future.
This is how we create more owners.
Get your child signed up: trumpaccounts.gov
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