Creatd, Inc. Retains Industry Experts in the Legal Field to Investigate Naked Short Selling
Creatd, Inc. (OTCQB: CRTD) announced the retention of Christian Levine Law Group to investigate issues related to naked short selling and stock fraud. Chairman and CEO Jeremy Frommer highlighted the detrimental effects of naked short selling, describing it as creating artificial shares that harm company integrity and investor interests. The firm aims to combat these practices, which have negatively impacted many investors. This strategic move aligns with Creatd's mission to enhance economic opportunities and strengthen the creator economy.
- Engagement of Christian Levine Law Group to combat illegal stock practices.
- Focus on protecting investor interests regarding stock integrity.
- Potential risks associated with ongoing investigations into stock fraud.
- Naked short selling may create instability in stock value and investor confidence.
NEW YORK, Dec. 19, 2022 /PRNewswire/ -- Creatd, Inc. (OTCQB: CRTD) ("Creatd" or the "Company"), today announced it has retained the services of Christian Levine Law Group, a premier firm chosen for its capabilities in investigating and litigating civil suits within the financial capital markets, stock fraud, naked-short selling, and other related practices.
Commented Chairman and CEO, Jeremy Frommer, "Selling short is selling an IOU note. Naked short selling is selling a counterfeit IOU note where one originally did not locate the stock to borrow for the sale. This practice creates artificial shares that do not exist within the Company's capital structure. We have engaged the Christian Levine Law Group to help us root out this kind of behavior. For far too long, hard-working Americans have lost their jobs and financial savings because of practices that violate the spirit of securities regulations. I intend to put a stop to it."
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
Forward-Looking Statements
Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings.
View original content to download multimedia:https://www.prnewswire.com/news-releases/creatd-inc-retains-industry-experts-in-the-legal-field-to-investigate-naked-short-selling-301706380.html
SOURCE Creatd, Inc.
FAQ
What legal steps is Creatd, Inc. taking regarding naked short selling?
Who is leading the efforts against stock fraud at Creatd, Inc.?
What is the significance of naked short selling for Creatd, Inc.?
How might these legal actions affect Creatd, Inc.'s stock performance?
What is the stock symbol for Creatd, Inc.?
