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Stock impact report

Famed short seller with a track record for getting CEOs arrested, indicted, and charged with fraud is closing up shop [Fortune]

Loop Industries, Inc. (LOOP) 
US:NASDAQ Investor Relations: loopindustries.com/en/investors/home
Company Research Source: Fortune
One of Wall Street's most feared short sellers, Hindenburg Research is winding down its operations after years of investigating accounting irregularities, undisclosed deals and conflicts of interest, and illegal and unethical business conduct. All told, Hindenburg's published reports partly led to regulators accusing nearly 100 people of civil or criminal allegations. Nate Anderson, who founded the forensic financial research firm six years ago, wrote a note on Wednesday explaining that the time had come to hang up the shingle. According to Anderson, he was at the point where he would wake up in the middle of the night thinking about work or the general pressure of everything. He described the labor at Hindenburg as “rather intense, and at times, all-encompassing.” Yet, there is no one overarching reason to shut it down, Anderson noted. Mostly, it will be a relief, he said. “There is not one specific thing—no particular threat, no health issue, and no big personal issue,” Ander Show less Read more
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