Global Tech Industries Group, Inc. Retains Christian Levine Law Group to Investigate Possible Naked Short Selling
New York, NY, Nov. 30, 2022 (GLOBE NEWSWIRE) — (GTII: OTCQB)
Global Tech Industries Group, Inc. (“GTII” or “The Company”) has taken a significant step in addressing potential market manipulation by retaining the services of The Christian Levine Law Group and Warshaw Burstein, LLP. The board of directors at GTII has approved and instructed the management team to negotiate and execute a service agreement with these legal firms to review the trading history and investigate possible instances of naked short selling.
Understanding Naked Short Selling
Naked short selling is a controversial practice that involves selling shares of a company without actually owning them or borrowing them. This can artificially drive down the price of a stock and create instability in the market. By retaining legal counsel to investigate possible instances of naked short selling, GTII is taking proactive measures to protect its shareholders and ensure fair and transparent trading practices.
The Role of The Christian Levine Law Group and Warshaw Burstein, LLP
The Christian Levine Law Group and Warshaw Burstein, LLP are well-known and experienced legal firms with expertise in securities law and market manipulation investigations. Their involvement in this case signals the seriousness with which GTII is approaching the issue of naked short selling. By conducting a thorough review of the trading history and identifying any irregularities, these legal firms will help GTII take appropriate action to address any potential misconduct.
Implications for Shareholders and Investors
For shareholders and investors in GTII, the decision to retain legal counsel to investigate naked short selling is a positive development. It demonstrates the company’s commitment to upholding the integrity of the market and protecting the interests of its stakeholders. By addressing any potential instances of market manipulation, GTII is working to create a more stable and trustworthy investment environment for its shareholders.
Implications for the World
The investigation into possible naked short selling by GTII has broader implications for the financial markets and the world economy. Market manipulation can have far-reaching effects, not only on individual companies and investors, but also on overall market confidence and stability. By taking a proactive stance against unethical practices such as naked short selling, GTII is contributing to a more transparent and secure global financial system.
Conclusion
The decision by Global Tech Industries Group, Inc. to retain The Christian Levine Law Group and Warshaw Burstein, LLP to investigate possible naked short selling is a significant step towards ensuring fair and transparent trading practices. By addressing potential instances of market manipulation, GTII is demonstrating its commitment to protecting shareholders and promoting integrity in the financial markets. This proactive approach will not only benefit the company and its investors but also contribute to a more stable and trustworthy market environment. The outcome of this investigation will be closely watched by shareholders, investors, and regulatory authorities alike.
