Dan Gallagher, reportedly a top contender to lead the Securities and Exchange Commission, said Friday he is not interested in returning to a government position.

Robinhood Markets' Chief Legal Officer Dan Gallagher, a former commissioner of the Securities and Exchange Commission who was reportedly the frontrunner to become its chair under Donald Trump, told CNBC on Friday he was not interested in the role.

Dan Gallagher, the top lawyer at Robinhood Markets Inc., has removed himself from consideration to lead the US Securities and Exchange Commission under President-elect Donald Trump.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureTrump Promises Could Have Seismic Impact on Washington EconomyNYC Gets Historic Push for 80,

Dan Gallagher, the Chief Legal Officer at Robinhood, is being considered as a potential candidate for the role of SEC Chair.

Robinhood's Chief Legal Officer Dan Gallagher is reportedly the front-runner to replace Gary Gensler as SEC Chair in Trump administration.

Former SEC commissioner Dan Gallagher, 45, has emerged as a top candidate to lead the Securities and Exchange Commission (SEC) following Donald Trump’s presidential election win.

Robinhood Markets' Chief Legal Officer Dan Gallagher on Friday withdrew from consideration for chair of the Securities and Exchange Commission in the Trump administration, leaving other Republican former SEC officials among the top candidates.