New York, NY, June 23, 2022 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.coma Nevada company, today announced that it has written to market makers asking them to review their market making activity in GTII shares.
In particular, we have informed them of our concerns about general market making activity in GTII shares, as it appears that some market makers have not published regular or continuous proprietary quotes which are at the or close to the market on both sides and which are communicated and represented in a way that makes them widely accessible to investors and other dealers. Where market makers fail to meet this requirement, as well as other applicable requirements, this may call into question whether they are engaging in “good faith market making” and may avail themselves of any exemptions. of “location” granted to bona fide market makers when executing short sales.
The Company expects each market maker to promptly comply with the request to ensure an orderly market for GTII’s shares.
About Global Tech Industries Group, Inc.: GTII is a publicly traded company incorporated in the State of Nevada, specializing in pursuing the acquisition of new and innovative technologies. Visit GTII here https://gtii-us.com/.
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Global Technology Industries Group, Inc.
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