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Robinhood CEO Vlad Tenev stated that after a listed company's stock is publicly traded, other financial institutions have the right to issue related financial products without prior approval from the issuer. Robinhood stock tokens are issued by independent entities and supported by underlying stocks, and the issuer's consent should not be required. AMC CEO Adam Aron has criticized Robinhood for tokenizing AMC stocks to bypass the issuing company, and that token holders do not have voting rights in the underlying stocks. (Source: CNBC)