AMC shares surge 21% after CEO criticizes Robinhood tokenized stocks
AMC Entertainment Holdings CEO Adam Aron said Robinhood’s tokenized versions of U.S. stocks, including AMC, are not registered under federal securities laws and questioned the offer.
AMC Entertainment Holdings CEO and Chairman Adam Aron criticized Robinhood over its tokenized U.S. stocks, including AMC’s, in a social media post on Thursday. Aron said the tokenized versions of U.S. stocks are not registered under federal securities laws and questioned how the offer is being made.