Genius Group initiates legal action against major brokerages for restricting buy orders. Investors report difficulties buying GNS shares, causing sell-side trading imbalance. CEO states broker actions suppress legitimate demand, impacting stock prices negatively. Legal team argues brokers violate fair trading access under U.S. securities law. The company emphasizes that buy-sell imbalance distorts natural price formation.
Legal action may compel changes benefiting buy-side interest, improving demand dynamics.
Immediate legal proceedings could lead to swift changes affecting trading conditions.
The legal action is crucial; it may restore buy functionality, enhancing investor access.