Business
Corporate watchdog accused of double standards for targeting ‘misleading’ short-sellers – The Guardian
Short-sellers say Asic favouring good company news over bad after it claims they ‘distort the facts’ to drive down share prices
The corporate regulator has been accused of double standards after taking aim at what it calls short and distort campaigns run by short-sellers, who profit when share prices fall.
To the dismay of company directors, the Australian Securities and Investments Commission (Asic) has previously been regarded as friendly or neutral towards short-sellers.
But in a statement released on Tuesday, Asic claimed that short-sellers were making false or misleading statements and using overly emotive or inflammatory…
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