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AMC CEO Slams Again Robinhood: Stock Tokens Could Affect Corporate Capital Structure

PANews October 18 reported that AMC Entertainment CEO Adam Aron again criticized Robinhood CEO Vlad Tenev and Chief Legal Officer Dan Gallagher, noting that AMC does not agree with Robinhood launching AMC stock tokens in the United States, while the U.S. Securities and Exchange Commission (SEC) should also require Robinhood to obtain AMC's consent; otherwise, it should at least require AMC to halt the related actions. Aron added that the tokens are “fake, synthetic stocks” and could affect AMC's capital structure, stressing that “AMC should control its own financial destiny, not Robinhood”。

Source: https://www.panewslab.com/zh/articles/01a14e6a-fc65-7285-a5da-277f4c21e09e