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Tenet Fintech Group (CSE: PKK) (OTCQB: PKKFF) announced that its CEO, Johnson Joseph, faces charges from l’Autorité des marchés financiers (AMF) following an investigation into possible market manipulation of company securities from April 2020 to November 2021. The investigation, which began in December 2021, could result in fines and prevent Joseph from serving as an officer and director if found guilty. Joseph denies any wrongdoing and maintains the support of Tenet’s Board of Directors. He has retained counsel and plans to fight the charges, stating he has always acted with integrity and in shareholders’ best interests.
Tenet Fintech Group (CSE: PKK) (OTCQB: PKKFF) ha annunciato che il suo CEO, Johnson Joseph, affronta delle accuse da parte dell’Autorité des marchés financiers (AMF) a seguito di un’indagine su un possibile manipolazione del mercato dei titoli della società tra aprile 2020 e novembre 2021. L’indagine, avviata nel dicembre 2021, potrebbe comportare multe e impedire a Joseph di ricoprire la carica di ufficiale e direttore se dovesse essere dichiarato colpevole. Joseph nega ogni addebito e mantiene il supporto del Consiglio di Amministrazione di Tenet. Ha assunto un avvocato e intende combattere le accuse, affermando di aver sempre agito con integrità e nel migliore interesse degli azionisti.
Tenet Fintech Group (CSE: PKK) (OTCQB: PKKFF) anunció que su CEO, Johnson Joseph, enfrenta cargos por parte de la Autorité des marchés financiers (AMF) tras una investigación sobre posible manipulación del mercado de los valores de la empresa desde abril de 2020 hasta noviembre de 2021. La investigación, que comenzó en diciembre de 2021, podría resultar en multas e impedir que Joseph ejerza como funcionario y director si es declarado culpable. Joseph niega cualquier mal comportamiento y mantiene el apoyo del Consejo de Administración de Tenet. Ha contratado a un abogado y planea luchar contra los cargos, afirmando que siempre ha actuado con integridad y en el mejor interés de los accionistas.
Tenet Fintech Group (CSE: PKK) (OTCQB: PKKFF)는 CEO인 Johnson Joseph가 2020년 4월부터 2021년 11월까지 회사 증권의 시장 조작 가능성에 대한 조사를 받은 후 Autorité des marchés financiers (AMF)로부터 고소를 당했다고 발표했습니다. 2021년 12월에 시작된 이 조사는 벌금에 처해질 수 있으며, 유죄가 판명될 경우 Joseph가 임원 및 이사로 재직하는 것을 금지할 수 있습니다. Joseph는 어떤 불법 행위도 부인하며 Tenet의 이사회의 지지를 받고 있습니다. 그는 변호사를 선임했으며, 항상 정직하게 주주들의 최선의 이익을 위해 행동해왔다고 주장하며 법적 대응을 계획하고 있습니다.
Tenet Fintech Group (CSE: PKK) (OTCQB: PKKFF) a annoncé que son PDG, Johnson Joseph, fait face à des accusations de l’Autorité des marchés financiers (AMF) à la suite d’une enquête sur une possible manipulation du marché des titres de la société d’avril 2020 à novembre 2021. L’enquête, qui a commencé en décembre 2021, pourrait entraîner des amendes et empêcher Joseph d’exercer les fonctions d’agent et de directeur s’il est reconnu coupable. Joseph nie tout acte répréhensible et bénéficie du soutien du conseil d’administration de Tenet. Il a engagé un avocat et prévoit de contester les accusations, affirmant qu’il a toujours agi avec intégrité et dans le meilleur intérêt des actionnaires.
Tenet Fintech Group (CSE: PKK) (OTCQB: PKKFF) gab bekannt, dass sein CEO, Johnson Joseph, aufgrund einer Untersuchung zu möglicher Marktmanipulation von Unternehmenswertpapieren zwischen April 2020 und November 2021 von der Autorité des marchés financiers (AMF) angeklagt wird. Die Untersuchung, die im Dezember 2021 begann, könnte zu Geldstrafen führen und Joseph daran hindern, als Vorstand und Direktor tätig zu sein, falls er für schuldig befunden wird. Joseph bestreitet jegliches Fehlverhalten und hat die Unterstützung des Vorstands von Tenet. Er hat einen Anwalt beauftragt und plant, gegen die Vorwürfe vorzugehen, da er erklärt hat, immer mit Integrität und im besten Interesse der Aktionäre gehandelt zu haben.
Positive
- Board of Directors maintains support for CEO during investigation
Negative
- CEO faces AMF charges for alleged market manipulation
- Potential removal of CEO from officer and director positions if found guilty
- Legal proceedings may create uncertainty and affect company stability
Toronto, Ontario–(Newsfile Corp. – December 21, 2024) – Tenet Fintech Group Inc. (CSE: PKK) (OTCQB: PKKFF) (“Tenet” or the “Company”), an innovative analytics service provider, owner and operator of the Cubeler® Business Hub, today announced that it was notified that l’Autorité des marchés financiers (the “AMF”) has filed charges against the Company’s CEO, Johnson Joseph, stemming from an investigation that began in December 2021 into the possible market manipulation of the Company’s securities from April 2020 to November 2021.
If found guilty of the charges filed against him, Mr. Joseph could be fined and prevented from serving as an officer and director of Tenet. Mr. Joseph, who continues to have the support of the Company’s Board of Directors, denies any wrongdoing and reiterates that he has always acted with integrity and in the best interest of the Company and its shareholders. “I have retained counsel to address the charges filed against me and plan to fight them vigorously,” commented Mr. Joseph. “I will make no further comments while the matter is before the courts except to say that I look forward to the opportunity to present my version of the alleged events and to help bring a resolution to the matter as quickly as possible.”
About Tenet Fintech Group Inc.:
Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet’s subsidiaries offer various analytics and AI-based products and services to businesses, capital markets professionals, government agencies and financial institutions either through or leveraging data gathered by the Cubeler® Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members. Please visit our website at: https://www.tenetfintech.com/.
For more information, please contact:
Tenet Fintech Group Inc.
Follow Tenet Fintech Group Inc. on social media:
X: @Tenet_Fintech
Facebook: @Tenet
LinkedIn: Tenet
YouTube: Tenet Fintech
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234889
FAQ
What charges has the AMF filed against Tenet Fintech (PKKFF) CEO?
The AMF has filed charges against CEO Johnson Joseph for possible market manipulation of company securities from April 2020 to November 2021.
What are the potential consequences for Tenet’s CEO if found guilty of AMF charges?
If found guilty, CEO Johnson Joseph could face fines and be prevented from serving as an officer and director of Tenet Fintech.
When did the AMF investigation into Tenet Fintech (PKKFF) begin?
The AMF investigation into possible market manipulation began in December 2021.
What period is under investigation for market manipulation at Tenet Fintech (PKKFF)?
The investigation covers possible market manipulation of Tenet’s securities from April 2020 to November 2021.
How has Tenet’s Board of Directors responded to the AMF charges against their CEO?
Tenet’s Board of Directors continues to support CEO Johnson Joseph, who denies any wrongdoing.
