Global Tech Industries Group, Inc. Appoints Director Donald Gilbert to Lead Illegal Trading Task Force
Global Tech Industries Group, Inc. (GTII) announced the formation of a Task Force to investigate illegal trading activities in its shares. The Board appointed Donald Gilbert, a 20-year board member and veteran of the Treasury and Justice Departments, to lead this initiative. The Task Force's objective is to identify unlawful trading activities by various market participants and evaluate potential legal actions against those involved. Collaborating with legal teams and ShareIntel, the task force aims to protect shareholder interests. The company is publicly traded and specializes in acquiring innovative technologies.
- Appointment of Donald Gilbert as Task Force leader brings significant experience in handling illegal trading activities.
- Collaboration with established legal teams and ShareIntel enhances investigation credibility and effectiveness.
- Focused efforts on protecting shareholder interests may increase investor confidence.
- The need for a task force to investigate illegal trading may indicate existing issues with market integrity.
- Potential legal actions could lead to increased expenses and distractions from core business operations.
New York, NY, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today that at a special meeting of its board of directors (the “Board”) held this weekend, the Board appointed Donald Gilbert (who has been a member of GTII’s Board for 20 years) to lead a newly created task force that will investigate illegal trading in GTII’s shares (the “Task Force”).
Mr. Gilbert is a veteran and had a 35-year career as a special agent with the Department of Treasury and the Justice Department, which the Board believes will greatly assist the Task Force in interfacing with the appropriate authorities regarding any potential evidence of illegal trading activity in GTII’s shares discovered by the Task Force. The Task Force will also include the legal teams of Christian Levine Law Group and Warshaw Burstein, LLP, along with ShareIntel, which provides access and insight into broker-dealer, clearing firm and shareholder position movements that allow public companies to proactively track equity flows and identify suspicious, aberrant and/or unusual trading activity.
The activities of the Task Force will include:
- Identifying and analyzing potentially unlawful and manipulative trading activity by market participants, including market makers, brokers, and hedge funds.
- Evaluating and making recommendations to the Board regarding legal actions against any market participants reasonably believed to be involved in any unlawful trading activity in GTII’s shares.
- Evaluating and making recommendations to the Board regarding the presentation of evidence regarding potential unlawful trading activity in GTII’s shares to the appropriate governmental and regulatory authorities.
- Performing other activities and making other recommendations to the Board that the Task Force deems appropriate to protect the interests of GTII’s shareholders.
About Global Tech Industries Group, Inc.:
GTII is a publicly traded Company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies. Visit GTII here https://gtii-us.com/.
Please follow our Company at: www.otcmarkets.com/stock/GTII or at https://gtii-us.com/
Safe Harbor Forward-Looking Statements:
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Global Tech Industries Group, Inc.
511 Sixth Avenue, Suite 800
New York, NY 10011
Info@gtii-us.com
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