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American Premium Water Corp (OTC: HIPH) Explains Illegal Naked Shorting Being Perpetrated by Major Market Makers on HIPH Shares
American Premium Water Corp (OTC: HIPH) Explains Illegal Naked Shorting Being Perpetrated by Major Market Makers on HIPH Shares.
About this update from American Premium Water Corporation
[{"type":"text","content":"\nPLAYA VISTA, CA, Aug. 09, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – American Premium Water Corporation (OTC: HIPH) (“the Company”) has engaged a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance related to substantial short selling of its stock. Regulation SHO requires bona-fide market-making activities to include making purchases and sales in roughly comparable amounts.\n The Securities and Exchange Commission has stated that bona-fide market-making DOES NOT include activity that is related to speculative selling strategies for investment purposes of the broker-dealer and is disproportionate to the usual market making patterns or practices of the broker-dealer in that security. Likewise, where a market maker posts continually at or near the best offer, but does not also post at or near the best bid, the market maker's activities do not qualify as bona-fide market making. Moreover, a market maker that continually executes short sales away from its posted quotes is not considered to be engaged in bona-fide market making. The Company has been monitoring trading activity between July 22nd and August 8th, 2019, and has noticed a pattern of irregularities in trading activity, primarily by one market maker which was facilitated by two others that could be defined as not a bona-fide market making. This analysis compared trading data to internal reports provided to the Company by the Deposit Trust Clearing Corporation (“DTCC). The data showed that there were a number of irregularities that have warranted further investigation, which necessitated the Company’s engagement of the compliance firm to generate proprietary trading data. The Company will present these findings to the regulators if the advanced data affirms its initial assessment. At that time, the Company will determine what appropriate legal options are warranted based on this advanced analyzation of the data.   About American Premium Water Corp. American Premium Water (OTC: HIPH) is a diversified luxury consumer products company focused on businesses in the health and beauty and biotech sectors. The company is focused on harnessing the powers of Nano technologies paired without cannabidiol (CBD) to treat health disorders and enhance quality of life. The company&...