Tag: Roger Hamilton (Page 1 of 2)

GNS CEO Shares Petition to End Naked Shorting

Naked Shorting Petition
Market News: GNS CEO shares naked shorting petition.

Genius Group (NYSEAMERICAN:GNS) CEO shared a petition to end naked shorting on Twitter.

$GNS CEO Roger Hamilton is leading a movement created by retail investors to fight naked short selling.

The CEO said on Twitter that other CEOs $NWBO, $GTII, $MICT, $COSM, $CRTD, $MMTLP, $TRCH, are taking legal action with Wes Christian, a lawyer who has been investigating stock manipulation since 2000.

Earlier this month, Global Tech Industries Group (OTCMKTS:GTII) took legal action against naked shorts.

“They’re predators. They’re doing something illegal, and we want it to stop”, says GNS CEO Roger Hamilton.

The CEO shared a petition from Change.org on Tuesday to stop illegal naked shorting.

More than 1,800 individuals have signed the petition.

Taking on Wall Street giants is going to take more than just a petition, but raising awareness is how change starts.

GNS: The Fight Against Naked Shorting

Market News: GNS CEO shares petition to end naked shorting.
Market News: GNS CEO shares petition to end naked shorting.

The Board of Directors (the “Board”) of Genius Group Limited, a leading entrepreneur edtech and education group, approved at a meeting of the Board held on Wednesday 18th January 2023, an action plan to address illegal short selling of its stock.

This action plan includes creating a Board-led ‘Illegal Trading Task Force’ to actively pursue all possible actions together with the regulators in their discovery and prosecution of persons engaging in market manipulation involving the ordinary shares of Genius Group.

This Task Force will be led by Timothy Murphy, a Genius Group Director and former Deputy Director of the F.B.I., Richard Berman, also a Genius Group Director and chair of the Company’s Audit Committee, and Roger Hamilton, the CEO of Genius Group.

The Company has been in communication with government regulatory authorities and is sharing information with these authorities to assist them.

“It’s like being robbed in a library, but you can’t shout ‘Thief!’ because there are ‘Silence, please’ signs everywhere.” – Roger Hamilton, CEO of Genius Group Limited.

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Genius Group Launches Phase 2 Legal Battle Against Naked Shorts

Genius Group Stock News Today - $GNS launches phase 2 in legal battle against naked shorts.
Genius Group Stock News Today – $GNS launches phase 2 in legal battle against naked shorts.

Global Newswire Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading entrepreneur edtech and education group announces the launch of legal action against illegal trading activities in the company’s shares.

The Company has previously disclosed that it has retained the legal teams of Christian Levine Law Group, LLC, (“Christian”) and Warshaw Burstein, LLP, (“Warshaw”), both of whom have specific expertise in stock fraud and illegal trading litigation, to investigate possible illegal market manipulation of the company’s shares.

Following analysis by the legal teams and share tracking companies ShareIntel and BuyIns.Net, the Company’s Illegal Trading Task Force has instructed Christian and Warshaw to commence legal actions where appropriate against various parties and to seek to recover liquidated damages for the cost incurred on the company.

Roger Hamilton, CEO of Genius Group, said:

“The company is currently pursuing a combination of negotiations, legal action and shareholder actions with an aim to minimize and recover the costs that illegal market manipulation has had on our share price. 

These activities are ongoing. At the same time, Genius Group, it’s staff, faculty and partners remain focused at the long term success and growth of the company.

We are committed to take all necessary measures to protect ourselves and our shareholders from bad actors and will not stop until we have achieved our objectives.

We thank our shareholders for their ongoing support.”

Roger Hamilton Shares His Story with Retail

Roger Hamilton NYSE
Roger Hamilton at NYSE – GNS stock news today.

$GNS CEO Roger Hamilton walked us through how he was able to identify naked short selling in Genius Group and shares his thoughts on why he thinks they were targeted.

“I don’t think we’re special, I personally think there’s thousands and thousands of companies out there and everyone that I’ve spoken to says the number of companies that have gone bankrupt over the last 20 years because of this is in the thousands.

We just happen to be one of the companies recently that has gone more vocal about it. At the time when Patrick Byrne was getting vocal there weren’t enough people brave enough to stand up at that point or even be aware this stuff was happening.

So, it was easy for basically the media campaign against him to say he was just a crazy guy. It’s much more difficult when you got dozens of CEOs all saying together to say they’re all crazy”, said Roger Hamilton in a space call with retail investors.

Roger Hamilton listed Genius Group as a means to provide its employees with the opportunity and right to own a part of the company they work for.

You can listen to the full interview below.

Related: $GNS, $MMTLP, Taking Regulators and Manipulation Head On

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Market News Today: Genius Group Stock News, GNS Stock News.
Market News Today: Genius Group Stock News, GNS Stock News.

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Franknez.com is the media blog that keeps retail investors informed.

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GTII Pursues Legal Action Against Naked Shorts

Market News Today: GTII, Global Tech Industries Group pursues legal action against illegal short selling activities.
Market News Today: GTII, Global Tech Industries Group pursues legal action against illegal short selling activities.

Global Tech Industries Group, Inc. (OTCMKTS:GTII) is taking legal action against naked shorts.

The Nevada corporation announced on Monday that its board of directors has authorized management to move forward with appropriate legal action in connection with what it believes to be illegal trading activity in the Company’s shares.

As the Company previously disclosed, it has retained the legal teams of Christian Levine Law Group, LLC, (“Levine”) and Warshaw Burstein, LLP, (“Warshaw”), both of whom have specific expertise in stock fraud litigation, to handle the legal actions for the Company.

The legal actions may be directed at broker-dealers, market makers and other relevant parties the Company believes have been engaged in illegal trading activities that have resulted in a significant number of unsettled trades involving the Company’s shares.

In particular, it appears that certain market makers have failed to post regular or continuous proprietary quotations that are at or near the market on both sides and that are communicated and represented such that they are widely accessible to investors and other broker-dealers.

When market makers fail to meet this requirement, as well as other applicable requirements, it can bring into question whether they are engaging in “bona fide market making” and can avail themselves to any “locate” exemptions afforded to bona fide market makers when executing short sales, per Global Newswire.

GTII Naked Short Selling: What’s Happening?

Market News Today: GTII, Global Tech Industries Group pursues legal action against illegal short selling activities.
Market News Today: GTII, Global Tech Industries Group pursues legal action against illegal short selling activities. GTII Stocktwits.

Global Tech’s press release published the following statement:

“It appears that certain market makers have failed to post regular or continuous proprietary quotations that are at or near the market on both sides and that are communicated and represented such that they are widely accessible to investors and other broker-dealers.

When market makers fail to meet this requirement, as well as other applicable requirements, it can bring into question whether they are engaging in “bona fide market making” and can avail themselves to any “locate” exemptions afforded to bona fide market makers when executing short sales.

Further, in a recent administrative proceeding between Alpine Securities Corporation (“Alpine”) and the National Securities Clearing Corporation (“NSCC”) before the U.S. Securities and Exchange Commission, it was disclosed that the NSCC imposed a “Backtesting Charge” against Alpine (which action was contested by Alpine) due to deficiencies in Alpine’s “Required Fund Deposit” with NSCC “. . . that were attributed to net short portfolios in several stocks, with the ‘top driver being a concentrated short position in GTII’”, which is, obviously, a cause of concern for the Company..”

Roger Hamilton (GNS CEO) on Naked Shorting

The legal action comes after Genius Group CEO Roger Hamilton urged CEOs to fight against naked shorts, the illegal practice of shorting stock without owning or having to return the shares back to a lender.

GTTI: Roger Hamilton on Naked Shorts and Wall Street Fraud. GTII Stock News.

“They’re predators. They’re doing something illegal, and we want it to stop”, says GNS CEO Roger Hamilton.

The Board of Directors (the “Board”) of Genius Group Limited (NYSE American: GNS), a leading entrepreneur edtech and education group, approved at a meeting of the Board held on Wednesday 18th January 2023, an action plan to address illegal short selling of its stock.

This action plan includes creating a Board-led ‘Illegal Trading Task Force’ to actively pursue all possible actions together with the regulators in their discovery and prosecution of persons engaging in market manipulation involving the ordinary shares of Genius Group.

This Task Force will be led by Timothy Murphy, a Genius Group Director and former Deputy Director of the F.B.I., Richard Berman, also a Genius Group Director and chair of the Company’s Audit Committee, and Roger Hamilton, the CEO of Genius Group.

AMC, GME, Spark Major Interest in Market Manipulation

Market News Today: GTII, Global Tech Industries Group pursues legal action against illegal short selling activities.
Market News Today: GTII, Global Tech Industries Group pursues legal action against illegal short selling activities. GTII Stock News.

The AMC and GME communities initiated the controversial topic of naked short selling in the market during the events of the ‘meme stock’ frenzy.

Years of activism have triggered the momentum we’re seeing today in the retail community.

However, AMC and GME CEOs have stayed out of the fight against naked shorts.

AMC CEO Adam Aron has said in the past that they have not seen any ‘evidence’ of so-called synthetic shares.

Millions of retail investors holding the movie theatre stock have first-hand experienced the market manipulation, so this came off as rather appalling to most.

With GTII taking action against naked shorts, it makes you wonder; how many more companies will step up?

I’d love to hear your thoughts on this.

Leave a comment down below.

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Market News Today: GTII, Global Tech Industries Group pursues legal action against illegal short selling activities.
Global Tech Naked Shorts News: GTII, Global Tech Industries Group pursues legal action against illegal short selling activities. GTII Stock News.

For more stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media blog that keeps retail investors informed.

You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily posts.


You can now read exclusive FrankNez articles for only $1/mo.

  • Gain access to EXCLUSIVE FrankNez articles you won’t find here.
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$GNS, $MMTLP, Taking Regulators and Manipulation Head On

Market News: $GNS, $MMTLP, and others take on naked short selling.
Market News: $GNS, $MMTLP, and others take on naked short selling.

$GNS, $MMTLP, and others are taking regulators and market manipulation head on in a string of lawsuits.

CEO of Genius Group Roger Hamilton is leading a first-ever team of CEOs to fight against naked shorting.

Naked short selling is the illegal practice of selling shares that have not been determined to exist.

The manipulative practice first began to flood social media during the ‘meme stock’ frenzy of 2021 when GameStop, AMC, and others had been heavily shorted.

After stocks reached all-time highs, retail investors did not leave.

It seemed that no matter how much buying pressure occurred, stocks were being suppressed through a number of loopholes, such as dark pools / off exchanges and then short laddered.

Millions of FTDs have surfaced amongst ‘meme stocks’ in recent years.

FTDs, or Failure-to-deliver occurs when one party in a trading contract (whether it’s shares, futures, or options) fails to deliver on their obligations.

These failures derive due to buyers not having enough money to take delivery and pay for the transaction at settlement.

In the case of sellers, it means not having the goods to meet that transaction.

Failure-to-deliver can occur in options trading or when selling short naked, per Investopedia.

What is Happening in the Naked Shorts War?

GNS CEO Roger Hamilton – Naked Shorts War with Wes Christian.

$GNS CEO Roger Hamilton is leading a movement created by retail investors to fight naked short selling.

The CEO said on Twitter that other CEOs $NWBO, $GTII, $MICT, $COSM, $CRTD, $MMTLP, $TRCH, are taking legal action with Wes Christian, a lawyer who has been investigating stock manipulation since 2000.

Earlier this month, Global Tech Industries Group (OTCMKTS:GTII) took legal action against naked shorts.

The Nevada corporation announced on Monday that its board of directors has authorized management to move forward with appropriate legal action in connection with what it believes to be illegal trading activity in the Company’s shares.

Roger Hamilton also reached out to AMC CEO Adam Aron earlier this month.

Retail investors have urged the movie theatre chain CEO to speak out against manipulative short selling; this has been his response:

“It may boil down to this. Many of you are frustrated, strongly urging us to address market forces that you are convinced are unfair. We continuously think about what actions would be wise and CREDIBLE. Certainly good ideas: Build up our cash reserves and smartly lead AMC forward,” said Adam Aron on Twitter.

While AMC’s CEO aims at taking a more fundamental approach, others are taking an activist approach.

Live Interview w Roger Hamilton 2/21

Join us for a live interview with $GNS CEO Roger Hamilton on 2/21 via Twitter spaces.

The space call will touch topic on ideas and strategies to fight naked short selling and we will have a chance to ask Roger Hamilton questions you might be curious about.

Genius Group’s plan of action includes creating a Board-led ‘Illegal Trading Task Force’ to actively pursue all possible actions together with the regulators in their discovery and prosecution of persons engaging in market manipulation involving the ordinary shares of $GNS.

This Task Force will be led by Timothy Murphy, a Genius Group Director and former Deputy Director of the F.B.I., Richard Berman, also a Genius Group Director and chair of the Company’s Audit Committee, and Roger Hamilton, the CEO of Genius Group.

The Company has been in communication with government regulatory authorities and is sharing information with these authorities to assist them.

Market News Published Daily

Market News Today: $GNS, $MMTLP, Taking Regulators and Manipulation Head On.
Market News Today: $GNS, $MMTLP, Taking Regulators and Manipulation Head On.

For more stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media blog that keeps retail investors informed.

You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily posts.



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