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Good news, job seekers! One of the most vilified companies in America right now is hiring a lobbyist.
The Robinhood trading app on Friday posted a listing for a Director of Federal Affairs position on various job boards, giving one lucky candidate a chance to promote a company that has successfully united Ted Cruz, AOC, Elizabeth Warren and Steve Cohen in public. outrage over its decision to prevent its users from trading stocks like GameStop amid the so-called “Reddit Rally”.
The Washington DC concert is described on the RobinHood site as focusing on “federal advocacy and government affairs related to legislative and regulatory issues.” The company said it “is looking for a highly adaptable and collaborative person who can handle ambiguity and rapidly changing priorities with flexibility and patience.”
With around a dozen or more DC politicians calling for more light on the company in the past 24 hours, the company is seeking someone with “substantial experience working for a congressman or congressional committee.” “.
The publication comes as lawmakers and investors are calling for a careful review of trading restrictions on stocks popular with small investors, like GameStop.
Even the Securities and Exchange Commission intervened. To a rare extent, the agency has indicated that it will review restrictions placed by brokerage houses such as Robinhood on transactions by GameStop, AMC Entertainment and other stocks pumped out by newbie investors on Reddit’s “WallStreetBets” forum. .
“The Commission will closely review actions taken by regulated entities that may disadvantage investors or unduly inhibit their ability to trade certain securities,” Acting SEC Chairman Allison Herren Lee said in a joint statement with the three other agency commissioners.
Robinhood chief Vlad Tenev again defended the restrictions on Friday, saying he was confident the company would defend itself against a class action lawsuit filed Thursday night.
Robinhood did not respond to a request for comment on the ad.
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