A top executive with
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
and other meme stocks.
Mr. Gallagher said Wednesday that individual investors were enjoying huge benefits, such as zero-commission trading and lightning-fast execution of their stock orders, from the current structure of U.S. equity markets.
“It is a really good climate for retail,…
