Quantum BioPharma's Stock Manipulation Allegations Against Major Banks Gain National Spotlight Through W5 Investigation
TL;DR
Quantum BioPharma's lawsuit against CIBC and RBC could expose market manipulation, potentially strengthening its position for advancing Lucid-MS and creating investment opportunities.
Quantum BioPharma alleges stock spoofing through millions of illegal orders from bank platforms, detailed in a CTV W5 segment and a $700 million lawsuit.
By pursuing legal action against alleged market manipulation, Quantum BioPharma aims to protect its development of Lucid-MS, a potential multiple sclerosis treatment that could improve lives.
CTV's W5 aired Part 2 investigating Quantum BioPharma's claims of widespread stock spoofing tied to its $700 million lawsuit against major Canadian banks.
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Quantum BioPharma Ltd. has been featured in the second part of a three-part investigative series by CTV News' W5 program examining the company's allegations of stock spoofing tied to its $700 million lawsuit against CIBC and RBC. The segment, reported by award-winning journalist Jon Woodward, highlights Quantum BioPharma's claims of widespread market manipulation and its impact on the company's efforts to advance Lucid-MS, a potential multiple sclerosis treatment.
CEO Zeeshan Saeed and Co-Executive Chair Anthony Durkacz reiterated their concerns about the alleged activity during the W5 report, noting that Canadian exchange data cited in the lawsuit points to millions of purportedly illegal orders originating from bank platforms. The company maintains that these activities have significantly affected its ability to develop Lucid-MS, a patented new chemical entity shown to prevent and reverse myelin degradation in preclinical models.
The W5 investigation brings increased public attention to allegations that have been circulating in financial and legal circles since Quantum BioPharma filed its lawsuit. The company's latest news and updates relating to QNTM are available in the company's newsroom at https://ibn.fm/QNTM. The full press release about the W5 coverage can be viewed at https://ibn.fm/t3Tex.
This coverage comes as Quantum BioPharma continues to build its portfolio of innovative assets through its wholly owned subsidiary FSD Strategic Investments Inc., which represents loans secured by residential or commercial property. The company's allegations against the major Canadian banks represent a significant challenge to traditional market practices and could have broader implications for how financial institutions monitor and prevent potential market manipulation activities on their platforms.
Quantum BioPharma, which trades on both NASDAQ and the Canadian Securities Exchange, is a biopharmaceutical company focused on developing treatments for neurodegenerative and metabolic disorders. Through its wholly owned subsidiary Lucid Psycheceuticals Inc., the company is advancing Lucid-MS as its lead compound for multiple sclerosis treatment. The company also retains ownership of 20.11% of Unbuzzd Wellness Inc. and receives royalty payments from sales of unbuzzd(TM) products.
The implications of these allegations extend beyond Quantum BioPharma's specific case. If substantiated, they could prompt regulatory scrutiny of trading practices on bank platforms and potentially lead to reforms in how financial institutions oversee market activities. The case also highlights the vulnerability of smaller biopharmaceutical companies to market manipulation, particularly when they rely on public markets to fund critical research and development for treatments addressing significant medical needs like multiple sclerosis.
Curated from InvestorBrandNetwork (IBN)
