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ShareIntel Enlists Upstream to Help Combat Manipulative Trading & Market Activities

Wednesday, 22 March 2023 09:30 AM

Helping tip-the-scales in favor of retail traders versus naked short sellers

NEW YORK, NY / ACCESSWIRE / March 22, 2023 / Upstream, the blockchain-based trading app for digital securities powered by Horizon Fintex (Horizon) and MERJ Exchange Limited (MERJ), announced that it has partnered 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 is the leader in investigation and due diligence services for illegal short selling. ShareIntel now counts Upstream as one of the tools they can offer to issuers in their quest for a fair-priced securities market and to give the issuer, and shareholders, the ability to fight-back against unfair market activities.

Upstream is a retail trading platform enabling inter-exchange arbitrage trading opportunities for investors. Traders can buy shares on the U.S. market, and seamlessly deposit them on Upstream for secondary sale to international buyers. On Upstream there are no middlemen and there is no short selling. An issuer's shares can now leave the U.S. ‘market makers closed loop' and, if sold short, will eventually have to be bought-in to cover.

Dual listing on Upstream also brings price discovery at a trading venue that operates a transparent blockchain orderbook where everyone sees level-2 bids and offers. Upstream does not allow predatory manipulative activities including short selling, stock lending, wash trades, layering or spoofing that may negatively impact other capital markets. Upstream traders experience real-time trades 20 hours a day, 5 days a week, peer-to-peer, instant settlement, with no market makers, and no payment for order flow.

ShareIntel helps U.S issuers gather and analyze shareholder trading data through its DRIL-DownTM process, a technology platform that tracks bank, broker dealer and shareholder movement specifically to reveal suspicious, aberrant, and/or unusual trading activity. The tool aims to help identify, interpret, and communicate shareholder and broker-dealer movement to issuers. Having Upstream alongside DRIL-DownTM means shareholders can now react to manipulation, leveling the playing field.

Upstream, a MERJ Exchange Market powered by Horizon's blockchain technology offers dual listing capability to NASDAQ, NYSE, and over-the-counter (OTC) market issuers as well as international stock exchanges including EURONEXT, ASX, NSX, TSX, and CSE. The dual listing grants issuers access to a global, digital-first, investor-base that can trade U.S. and international equities using digital payment rails, credit card, debit card, PayPal, or USD. Issuers may also take advantage of web3 opportunities like coupons offering digital rewards to shareholders for added value.

"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," commented Brian Collins, Co-founder of Upstream.

"ShareIntel is excited to have a partner that shares in the vision of creating fair markets where investors can transact without having to be concerned with illegal short selling. Upstream can offer our clients the marketplace to list and give investors another venue to trade," stated David Wenger, President, and Chief Executive Officer of ShareIntel.

About ShareIntel:

ShareIntel-Shareholder Intelligence Services, LLC (SIS) is a patented compliance driven SaaS retained by public companies to track shareholder ownership and monitor critical broker-dealer and shareholder movement. DRIL-Down™ identifies participants to potential abusive and illegal short selling providing actionable intelligence.

About Upstream:

Upstream, a MERJ Exchange Market (, 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. & Int'l. equities, and celebrity ventures directly from the app: Interested issuers can reach the team at [email protected].

About MERJ:

MERJ Exchange (MERJ) operates Upstream as a fully regulated and licensed integrated securities exchange, clearing system and depository for digital and non-digital securities. MERJ is an affiliate of the World Federation of Exchanges (WFE), recognized by HM Revenue and Customs UK, a full member of the Association of National Numbering Agencies (ANNA) and a Qualifying Foreign Exchange for OTC Markets in the US. MERJ is also a member of the Sustainable Stock Exchanges Initiative. Visit to learn more.

About Horizon:

Horizon is a fintech company that builds and powers global securities exchanges with an integrated suite of software for compliant issuance, management, and secondary trading of securities. Our in-house solutions combine Wall Street and Silicon Valley to power the next generation of securities offerings and trading in the U.S. and globally. Learn more at

Press Contacts:

Vanessa Malone
[email protected]

This press release shall not constitute an offer to sell securities or the solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation is not permitted.

NFTs received have no economic value, royalties, equity ownership, or dividends. NFTs are for utility, collection, and display only.

U.S. investors are not currently permitted to buy Upstream listed securities. U.S. and Canadian citizens may sell dual listed securities they deposit on Upstream for liquidation purposes only.

Upstream is a MERJ Exchange market. MERJ Exchange is a licensed Securities Exchange, an affiliate of the World Federation of Exchanges, and a full member of ANNA. MERJ supports global issuers of traditional and digital securities through the entire asset life cycle from issuance to trading, clearing, settlement, and registry. It operates a fair and transparent marketplace in line with international best practices and principles of operations of financial markets. Upstream does not endorse or recommend any public or private securities bought or sold on its app. Upstream does not offer investment advice or recommendations of any kind. All brokerage services offered by Upstream are intended for self-directed clients who make their own investment decisions without aid or assistance from Upstream. All customers are subject to the rules and regulations of their jurisdiction. By accessing the site or app, you agreed to be bound by its terms of use and privacy policy. Company and security listings on Upstream are only suitable for investors who are familiar with and willing to accept the high risk associated with speculative investments, often in early and development stage companies. There can be no assurance the valuation of any particular company's securities is accurate or in agreement with the market or industry comparative valuations. Investors must be able to afford market volatility and afford the loss of their investment. Companies listed on Upstream are subject to significant ongoing corporate obligations including, but not limited to disclosure, filings, and notification requirements, as well as compliance with applicable quantitative and qualitative listing standards.

Forward-Looking Statements

This communication contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential," or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) difficulties in obtaining financing on commercially reasonable terms; (ii) changes in the size and nature of our competition; (iii) loss of one or more key executives or brand ambassadors; and (iv) changes in legal or regulatory requirements in the markets in which we operate. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

SOURCE: Horizon Fintex

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