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At a forum Thursday, Robinhood s Daniel Gallagher talked payment of order flow, SPACs, and crypto.
An SEC alum, Gallagher said regulators will likely scrutinize SPACs and cryptocurrencies.
The SEC won t likely overhaul the trading mechanism brokers like Robinhood are built on, he said.
Daniel Gallagher, Robinhood s chief legal officer and former regulator, is a pretty free-market guy.
Gallagher s skeptical that the Securities and Exchange Commission (SEC) will overhaul payment for order flow the method that enables online brokerages like Robinhood to charge zero fees to retail investors, he said during this year s Berkeley Spring Forum on M&A and governance on Thursday.