Nathan Anderson, the founder of Hindenburg Research whose damning report led to a $100 billion-plus rout in Adani Group shares, has said that his firm has never been banned, its bank account never seized and that it is not under any investigation.
Since it published a scathing 100-plus-page report alleging that Adani pulled "the largest con in corporate history" on January 24, there have been comments on Indian social media spaces that Hindenburg had "three criminal inquiries" in the US and that it was banned by the Financial Industry Regulatory Authority (FINRA), its bank accounts frozen and it has been barred from publishing any report on firms listed on the New York Stock Exchange.
Anderson, in a tweet, attached a report by Wire that debunked such inaccurate claims and said Hindenburg was neither banned nor is under any investigation.
The Wire out with an article debunking lies about @HindenburgRes by senior BJP officials, including:
— Nate Anderson (@ClarityToast) February 9, 2023
- We are banned by FINRA (never)
- Had bank accounts seized (no)
- Can't publish on NYSE-listed co's (this isn't a thing)
- Are under investigation (no)https://t.co/TXtC3qZbXL
"We are banned by FINRA (never); Had bank accounts seized (no); Can't publish on NYSE-listed co's (this isn't a thing); Are under investigation (no)," he said.
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