So I just heard about this crazy situation where Robinhood is apparently creating tokens for private company shares without permission. The whole thing sounds pretty sketchy to me. What really caught my attention is that OpenAI’s CEO came forward and publicly said he never gave Robinhood any approval to do this with their company. He basically told people to be cautious about buying these tokens since they’re not legitimate. Has anyone else been following this story? It seems like Robinhood keeps finding new ways to get into trouble with questionable business practices. I’m wondering if this is even legal and what kind of consequences they might face for creating fake investment products.
Robinhood’s at it again with shady practices. Remember the options trading mess and the GameStop fiasco? Now they’re tokenizing private shares without permission - that’s a huge red flag legally and ethically. The SEC doesn’t play around with unauthorized financial products, and securities laws are strict about this stuff. What worries me most? Retail investors getting screwed by these fake tokens. Private company valuations are already confusing enough without bogus tokenized versions floating around. Robinhood always seems to act first, ask questions later when regulators come knocking. But this time they might’ve crossed a line that brings serious penalties.