05/09/2026
AMC's chief executive wants Robinhood to stop trading tokens that track AMC shares. Robinhood says no.
The whole exchange has played out on X.
The tokens give price exposure without any ownership of the company — no vote, no rights, and no involvement from AMC. They are issued by a Jersey entity and cover more than 190 companies. Adam Aron argues the structure sidesteps US securities law, which AMC spends millions a year complying with.
AMC stock rose as much as 21 percent on the news.
Both sides agree the tokens are not shares. What they disagree about is what they are instead.
Full article on Kaupr, in Norwegian, Swedish, Danish and English.
AMC's chief says Robinhood's tokens circumvent US securities law. Robinhood rejects the demand to halt trading.