Hindenburg Research implicated in securities fraud with Anson funds, report says

Hindenburg Research, now shuttered and run by Nate Anderson, was involved in “securities fraud” alongside Canadian fund Anson, according to a report published by the Market fraud portal.

The publishers claimed to have accessed documents filed in an Ontario court, where Anson faces a defamation suit. The documents allegedly revealed that Hindenburg colluded with Anson in preparing a report.

Preparing bearish reports without disclosure of ownership may be charged with securities fraud by the United States Securities and Exchange Commission under Sections 17(a) and 17(b) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act. from 1934, Market fraud said.

This comes nearly a month after Bloomberg reported that Moez Kassam, the head of hedge fund Anson, revealed in a deposition that he shared his research “with a wide variety of sources.”

Kassam, according to the news agency, believed he had shared his research with some of the biggest names in the short-selling world, including Nate Anderson of Hindenburg.

Hindenburg, in reacting to the Bloomberg report published on December 12, declared that it receives “hundreds of leads each year from various sources”, but maintains its independence in the publication of its reports.

“We rigorously examine each avenue and have always maintained complete editorial independence over our work,” he said.