Creatd, Inc. Engages Market Surveillance Expert to Identify Unusual Activity in its Ongoing Mission to Curb Illegal Naked-Short Selling

Published on December 15, 2022

  • Creatd engages market surveillance and shareholder intelligence leader to assist in the Company's investigation into potential aberrant trading practices.

NEW YORK, Dec. 16, 2022 /PRNewswire/ -- Creatd, Inc. (OTCQB: CRTD) ("Creatd" or the "Company"), announced today that it has engaged Shareholder Intelligence Services, LLC ("ShareIntel") as part of its commitment to protect its shareholders from abusive naked-short selling.

In addition to its recently announced formation of CEOBloc, the Company is partnering with ShareIntel, a compliance-driven SAAS platform that provides public companies with unprecedented access and insight into shareholder position movement and settlement data. Together both companies will implement action plans to surveil and pursue any abusive activity.

Commented Chairman and CEO Jeremy Frommer, "If the Company has been subject to illegal naked short-selling of its underlying stock, we must get to the bottom of it. Taking this step is a matter of fiduciary responsibility. I intend on escalating this issue to the highest levels of the financial services industry to protect the integrity of the capital markets, especially the more vulnerable entrepreneurial, growth-oriented stocks."

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