Hey there @dangallagher, in the past week you and @vladtenev CEO of Robinhood have made public comments defending your use of and “standing behind” your relatively new Stock Token concept.
I think this practice is abhorrent. It defeats the very ethos of share ownership. Public financial markets were created so that companies could raise capital, and so that investors could share in the wealth created as a result. Not to turn investing instead merely into some gamified business-oriented casino.
If by your own admission you can’t offer or sell Stock Tokens to “U.S. persons” why does your U.S. web site talk about them so much and so favorably?
Vlad: How can a U.S. brokerage firm be proud of creating an offshore Channel Island operation in far off Jersey specifically with the intent to operate outside U.S. securities laws? Is there potential confusion that Stock Token purchasers are getting less than all the rights accorded to real shareholders, and if so do you care? If those tokens are theoretically backed 1:1 by real shares, but hypothetically some of those underlying real shares are in turn lent out to short sellers, are the Tokens really backed 1:1 in fact?
Dan: I think U.S. securities laws have protected the public very well over the past century. You spent much of your career at the SEC. Deep down, in your heart of hearts, how can you really think a world without the precautions imposed by U.S. securities laws creates a better, safer environment for investors?
Choose whatever descriptors you think best make sense under the circumstances: Non-regulated, derivative, synthetic, sham, debt-backed securities trying to simulate actual real stock, or pick your own words if these don’t fit.
Stock Tokens may make you an innovator in your own eyes. In my eyes, they bring your firm dishonor.
“Marshall Mathers” is one popular fellow. His tweet/post has been read more than 250,000 times in just hours.
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Hello President Trump, @POTUS
I’ve attached a fellow retail investors post along with video evidence of Ken Griffin.
In November 2022, Ken Griffin, CEO of Citadel and a prominent Republican donor, referred to former President Donald Trump as a “three-time loser,” citing Trump’s electoral defeats in 2020, the GOP’s loss of two Georgia Senate seats in 2021, and the party’s underperformance in the 2022 midterm elections. Griffin expressed hope that Trump would “see the writing on the wall” and not seek another presidential term.
ALOT OF AMERICAN CITIZENS ARE VICTIMS OF WALL STREET CRIME. #IllegalNakedShorting
@DOGE_SEC@DOGE@DevinNunes
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