In addition to my own comments back to @vladtenev about about my strongly-held concerns about Robinhood’s Stock Tokens, read what someone named Brad (who I don’t know) insightfully had to say on this topic:
Seriously? What’s the concern you ask, @vladtenev? The list of concerns is almost existential.
U.S. securities laws are in place to protect investors. For good reason, we spend millions and millions of dollars every year to comply with U.S. securities laws. In good. conscience, how can Robinhood as a U.S. company set up an operation in far offshore Jersey, an island 3000 miles away, and market a security sort of posing as AMC in some shape or fashion, and not comply with U.S. securities laws. That is shocking and shameful.
Our past issuance of equity to strengthen our balance sheet was vital to our success. Your setting up some kind of fictitious synthetic equity market decouples stock token ownership from a company’s ability to control its own capital raising efforts.
Share ownership gives shareholders various rights, including the right to vote their shares. Your stock token pretend to be some form of stock ownership, but disclosures to the contrary notwithstanding, they are not ownership and they deprive investors of their rights.
This quasi-fake market you are creating on the island of Jersey sows distrust amongst the public about financial markets in general. There already is distrust in financial institutions, you are potentially making it far worse.
These are but a few of my concerns about your actions.
I hereby call on you and Robinhood to voluntarily CEASE AND DECIST the trading of AMC stock tokens. If you don’t, our high priced securities counsel has been asked to see whether we can force you to stop.
I also wonder how can the SEC possibly support your sham ignoring of U.S. securities laws. You can be sure we will be asking them.
🚨 LEE DANIELS (A FILM WRITER) SAYS HE SUCKS BABIES' BLOOD TO STAY YOUNG - He says it is a joke but is it?
The mockery of the innocent children is no JOKE, it is very real that's happening RIGHT NOW as we speaks
#Bohemian#BohemianGrove#AlexJones#RyanGarcia#AndrewTate#Club
🚨 VATICAN SECRETS - If you have went through the Bohemian Grove Rabbit hole because of what Ryan Garcia has unveiled
It is the time you learn about Vatican and the Black Pope
Credits - Emerald Secrets
#Bohemian#BohemianGrove#AlexJones#RyanGarcia#AndrewTate#Conspiracy
🚨 ICE CUBE SEPAKING ABOUT HIM NOT BEING A PART OF THE "CLUB"
Ryan Garcia is not alone when it comes to not wanting to be a part of the "Club" , there are others like him.
Listen to what they have to say
#Bohemian#BohemianGrove#AlexJones#RyanGarcia#AndrewTate#Agenda2030
🏆 Premier League
🏆 FA Cup
🏆 Champions League
🏆 Super Cup
🏆 Club World Cup
🏆 Nations League
🥇 PFA Team of the Year
🥇 Champions League Player of the Tournament
🥇 Champions League Team of the Season
🥇 Nations League Player of the Tournament
🥇 Club World Cup Player of the Tournament
What a year for Rodrigo! 🤩
Hello EA, please stick to normal cards (unless it's Vanja)
What is this? 84 diving and 85 reflexes? This guy thinks about his whole life before attempting to save a goal 😭
#eafc24#fc24