Technically Legal - A Legal Technology and Innovation Podcast

Connecting Main Street to Wall Street: How Data Driven Financial Regulation and Emerging Tech Like Crypto Can Help Bridge the Gap (Lucas Moskowitz - GC, Robinhood)

Aug 14, 2024

Lucas Moskowitz, General Counsel at Robinhood, discusses the company's mission to democratize finance, making investing accessible for all. He shares his journey from big law to the SEC, highlighting how diverse experiences shape perspectives. The conversation delves into the importance of data-driven regulation, balancing innovation with investor protection. They explore the potential of crypto and blockchain in enhancing financial markets and stress the need for investor education on these emerging technologies.

36:20

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Episode guests

Lucas Moskowitz

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Episode notes

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Quick takeaways

Robinhood’s mission is to democratize finance by breaking down investment barriers, enabling access for individuals with minimal starting capital.

Lucas Moskowitz advocates for a data-driven regulatory approach that protects investors while fostering innovation and improving market access.

Deep dives

Democratization of Finance

Robinhood aims to democratize finance by removing traditional barriers to investment, allowing individuals to enter the market with minimal starting capital. The platform offers commission-free trading and no account minimums, inviting users to invest without the burden of high fees. Its mission resonates particularly with younger, diverse investors, with a significant portion of its clientele being first-time investors. The ease of access to investment opportunities through mobile technology empowers users to take control of their financial futures.

Intro

2min

Navigating a Legal Career: From SEC to Capitol Hill and Beyond

14min

Expanding Financial Services and the Importance of Regulation

2min

Evolving Legal Teams: Adapting to Change and Embracing Technology

3min

Democratizing Finance: Access and Innovation

13min

Bridging the Legal Knowledge Gap on Crypto and Tokenization

3min

A conversation with Lucas Moskowitz, General Counsel for financial services company Robinhood. Launched in 2013, Robinhood’s stated mission is to "democratize finance for all" by making it easy for investors to start investing with a few bucks rather than having to be a high roller. Key to this effort is the fact that Robinhood offers commission-free trading and also provides access to cryptocurrencies.

The discussion covers various topics, including:

Robinhood’s Mission: Lucas explains Robinhood's mission to democratize finance by breaking down barriers to investing and making it accessible to everyone, regardless of their financial background.
Lucas’s Career Path: Lucas shares his unique career journey, transitioning from big law to the SEC, Capitol Hill, and eventually Robinhood. He emphasizes the importance of diverse experiences in shaping his perspective.
Regulation in the Financial Industry: Lucas advocates for a data-driven approach to regulation, striking a balance between investor protection and fostering innovation and access.
Crypto & Blockchain: The potential of crypto and blockchain technology is explored, with Lucas highlighting their role in making financial markets more efficient.
Education: The importance of educating investors about making sound investment decisions and also educating legal professionals about emerging technologies like blockchain and tokenization of assets.

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