Business
Global Tech Industries Group, Inc. Requests Review of Market Making Activity
Global Tech Industries Group, Inc. Requests Review of Market Making Activity.
About this update from Global Tech Industries Group, Inc.
[{"type":"text","content":"\n New York, NY, June 23, 2022 (GLOBE NEWSWIRE) -- Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today that that it has written to market makers requesting that they review their market making activity in GTII’s shares. In particular, we informed them of our concerns with the general market making activity in GTII’s shares, as 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 in a way that makes them 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. The Company is hopeful that each market maker will promptly comply with the request to ensure an orderly market in GTII’s shares. 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:This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with th...