AMC CEO calls Robinhood's unregistered stock tokens 'vile'; Robinhood's Tenev asks 'What's the concern?

AMC's CEO condemned Robinhood's tokenized stock offering, calling the practice "contemptible, outrageous, disgusting, detestable, inexcusable, vile," and questioning how it can be legal. He said AMC has no connection to it and will immediately have outside securities counsel investigate. Robinhood, through Robinhood Assets (Jersey) Limited, reportedly offers Stock Tokens tied to AMC and 190+ other companies. The tokens are unregistered under U.S. securities laws and, per disclosures, may not be offered, sold, or delivered to U.S. persons under Regulation S, with restrictions also in Canada, the UK, and Switzerland.

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