Two register as lobbyists ahead of congressional hearings
Trading app already had four lobbying firms on retainer February 9, 2021 2:34 PM By Megan R. Wilson
Robinhood Markets Inc. registered its first in-house lobbyists as the trading company faces congressional criticism related to its actions during a Reddit-fueled stock buying spree.
Lucas Moskowitz, deputy general counsel of regulatory, litigation, and government affairs, and Beth Zorc, the associate general counsel for federal affairs, began working at Robinhood last year and, as of this month, are now registered to lobby, according to disclosures filed Monday.
Both have experience on the House Financial Services and Senate Banking panels, which are set to hold hearings about the frenzy surrounding a rally on certain stocks, including GameStop Corp. and AMC Entertainment Holdings Inc., in addition to the companyâs relationship with other financial entities such as hedge funds and market makers.