Explore Business Standard
US short-seller Hindenburg Research has said it is not under investigation by the US SEC as it rubbished alleged links of its founder to a hedge fund for preparing reports targeting companies. "Hindenburg is not under investigation by the SEC, to our knowledge, and any suggestion to the contrary is false," the firm said after a Canadian portal cited documents filed before a court in Ontario to allege that its founder Nate Anderson was under cloud for alleged links with hedge funds. Citing a cache of documents filed at the Ontario Superior Court of Justice in a complex defamation lawsuit, the Market Frauds portal said the head of Canada's Anson hedge fund, Moez Kassam admitted his firm has shared research "with a wide variety of sources" including Hindenburg's Nate Anderson. Hindenburg colluded with Anson while preparing a report. The preparation of bearish reports without disclosure of participation can be charged as securities fraud by the US Securities and Exchange Commission ...