Dan Gallagher, the top lawyer at Robinhood Markets Inc., has removed himself from consideration to lead the U.S. Securities and Exchange Commission under President-elect Donald Trump.
“I have made it clear that I do not wish to be considered for this position,” Gallagher said in an emailed statement. He added that it’s an honor to have his name “in the mix.”
“I am committed to Robinhood and our millions of customers who represent the new generation of retail investors,” Gallagher said. He also said he was excited to work with the incoming Trump administration and next SEC chair “to promote innovation and provide more opportunity for retail investors.”
Gallagher’s decision to drop out from the list of prospective candidates was first reported by CNBC.
