Business
ASIC tells activist shorts to tone down the emotion – The Australian Financial Review
The corporate regulator has told activist short sellers to tone down their emotive language and publish their reports on ASX listed companies after market trading…
ASIC said that even if the points in a report are plausible, there was the potential for investor confidence to be damaged in the immediate chaos following the release of the report.
The regulator also called for activist short sellers to ensure their reports remained balanced and rely on verifiable and selected facts.
Engaging with only a small and select sample of clients, ex-employees or contracted parties may not be representative of issues across the entire entity.
Short reports should disclose…
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