Genius Says Probe Showed Certain Individuals, Companies Illegally Sold 'Significant' Amount of Its Stock
09:15 AM EST, 01/04/2023 (MT Newswires) -- Genius Group (GNS) said Wednesday the initial results of an investigation conducted by Christian Levine Law Group and Warshaw Burstein showed that certain individuals and/or companies appear to have sold, but not delivered, a "significant" amount of the company's shares.
The education technology company said the illegal sale appears to be "part of a market manipulation scheme seeking to artificially depress the price of the securities of the company."
The company said it will continue the investigations and "aggressively" pursue all remedies.
Genius Group shares rose nearly 5% in recent Wednesday premarket activity.
Northwest Biotherapeutics against....stock manipulators
https://www.nasdaq.com/articles/nwbo-stock-alert:-northwest-bio-slams-citadel-securities-in-new-lawsuit
https://www.wsj.com/articles/biotech-company-says-citadel-other-big-traders-manipulated-its-stock-price-11669901683
Jaguar Mining Comments on the OSC's Allegations Involving the Company's Chairman
07:17 AM EST, 12/23/2022 (MT Newswires) -- Jaguar Mining Inc. (JAG.TO) on Friday commented on recent allegations made by the Ontario Securities Commission concerning the company's Chairman.
On November 9, the OSC issued a Statement of Allegations involving William Jeffrey Kennedy, along with other market participants, regarding a capital markets transaction that occurred in March 2017, approximately 2.5 years prior to Kennedy joining Jaguar Mining Inc.'s board of directors in September 2019. None of the OSC's allegations involve any business or capital markets activities of Jaguar. Jaguar is not a respondent, and the company does not expect to be participating in the proceeding. Jaguar will be paying close attention to the proceeding.
According to the statement of allegations, "three sophisticated market participants [to be held] accountable for an illegal and abusive short selling scheme that violated Ontario securities law." The participants, Cormark Securities, Jeff Kennedy, then Head of Comark's equity capital market, and their client, created and carried out the short selling scheme which the OSC alleges impacted Comark's own client, Canopy Growth Corp (WEED.TO). In short, "they failed to deal fairly, honestly and in good faith with Canopy."
Further details here: https://www.capitalmarketstribunal.ca/en/proceedings/cormark-securities-inc-re