Creatd, Inc. Engages Market Surveillance Expert to Identify Unusual Activity in its Ongoing Mission to Curb Illegal Naked-Short Selling
Creatd, Inc. (OTCQB: CRTD) has engaged Shareholder Intelligence Services, LLC to combat potential illegal naked short-selling activities. The partnership aims to enhance market surveillance and protect shareholder interests. CEO Jeremy Frommer emphasized the necessity of this action to uphold market integrity. This move follows the establishment of CEOBloc, further demonstrating the company's commitment to addressing trading irregularities. Creatd's mission is focused on providing economic opportunities within the creator economy.
- Engaged Shareholder Intelligence Services to combat illegal naked short-selling.
- Increased market surveillance may enhance shareholder protection.
- Formation of CEOBloc indicates proactive steps in strengthening operational management.
- Potential illegal naked short-selling raises concerns about stock stability.
- Creatd engages market surveillance and shareholder intelligence leader to assist in the Company's investigation into potential aberrant trading practices.
NEW YORK, Dec. 16, 2022 /PRNewswire/ -- Creatd, Inc. (OTCQB: CRTD) ("Creatd" or the "Company"), announced today that it has engaged Shareholder Intelligence Services, LLC ("ShareIntel") as part of its commitment to protect its shareholders from abusive naked-short selling.
In addition to its recently announced formation of CEOBloc, the Company is partnering with ShareIntel, a compliance-driven SAAS platform that provides public companies with unprecedented access and insight into shareholder position movement and settlement data. Together both companies will implement action plans to surveil and pursue any abusive activity.
Commented Chairman and CEO Jeremy Frommer, "If the Company has been subject to illegal naked short-selling of its underlying stock, we must get to the bottom of it. Taking this step is a matter of fiduciary responsibility. I intend on escalating this issue to the highest levels of the financial services industry to protect the integrity of the capital markets, especially the more vulnerable entrepreneurial, growth-oriented stocks."
About Creatd
Creatd, Inc. (OTCQB: CRTD) is a company with a mission to provide economic opportunities to creators and brands by multiplying the impact of platforms, people, and technology. Creatd's pillars work together to create a flywheel effect, supporting our core vision of creating a viable and safe ecosystem for all stakeholders in the creator economy.
Creatd: https://creatd.com;
Creatd IR: https://investors.creatd.com;
Vocal Platform: https://vocal.media;
Investor Relations Contact: ir@creatd.com
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SOURCE Creatd, Inc.
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