Upstream, the blockchain-based trading app for digital securities powered by Horizon Fintex and MERJ Exchange Limited, has announced its collaboration with Shareholder Intelligence Services LLC (“ShareIntel”) to help issuers combat naked short selling by dual listing their public shares on Upstream’s regulated securities exchange. ShareIntel, the leader in investigation and due diligence services for illegal short selling, now counts Upstream as one of the tools it can offer to issuers in their quest for a fair-priced securities market and to fight back against unfair market activities. “Illegal short selling crushes companies, and for the benefit of just a few secretive ‘players.’ Issuers and shareholders deserve a fair price for shares. Here at Upstream, we have removed unnecessary middlemen and we prevent all short selling. And so, to partner with ShareIntel in offering their clients a fair marketplace is very exciting indeed,” said Brian Collins, co-founder of Upstream.
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About Upstream
Upstream, a MERJ Exchange Market (merj.exchange), is a fully regulated global stock exchange for digital securities. Powered by Horizon’s proprietary matching engine technology, the exchange enables investors to trade shares in dual-listed companies, NFTs, shares in IPOs, crowdfunded companies, U.S. and international equities, and celebrity ventures directly from the app: https://upstream.exchange. Interested issuers can reach the team at hello@upstream.exchange.
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