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AMC CEO Adam Aron Escalates Feud with Robinhood Over Offshore Stock Tokens

A post by Adam Aron (@CEOAdam) is trending on X · AMC vs Robinhood offshore stock tokens · 270 likes

AMC CEO Adam Aron responded to Robinhood Chief Legal Officer Dan Gallagher by explaining his earlier “CEASE AND DECIST” phrasing as intentional humor. He accused Robinhood of sidestepping U.S. securities laws via offshore (Jersey) stock tokens that track AMC and other equities without granting ownership or voting rights, questioned their promotion on Robinhood’s U.S. website, and called the approach a “terrible lapse of judgement.” The post is trending as part of a high-engagement public clash drawing interest from the AMC retail community, crypto advocates, and securities-law observers.

Adam Aron

@CEOAdam

CEASE AND DECIST in all caps was my attempt at humor. It was a cross between Desist (which means to stop) and De-cyst (which would mean to remove a cyst, something that causes pain and discomfort). What you know about U.S. securities laws apparently is that you are happy to ignore them if you simply disclose that you are ignoring them. If your offshore Stock Tokens can not be offered or sold to U.S. persons, why are you touting them on your U.S. web site? If it is not illegal, it should be. And in any case, it displays a terrible lapse of judgement on your part. Wisdom is displayed not just by obeying the strict letter of the law, but by doing what is right. Shame on you.

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