Hindenburg Research founder Nate Anderson announces closure after 8 years, facing potential securities fraud charges.
Court documents reveal alleged collusion between Anderson and Anson Funds' Moez Kassam in preparing damaging reports.
Email evidence suggests Anderson followed hedge fund instructions rather than maintaining editorial control over reports.
Market Frauds portal claims to have substantial evidence of securities fraud from Ontario court system documents.
SEC investigation focuses on potential securities fraud involving collaboration between Hindenburg and hedge funds.
Hindenburg's reports, including the Adani exposé, led to companies losing billions in market value.
Nearly 100 individuals, including billionaires and oligarchs, faced civil or criminal charges due to Hindenburg's work.
Anderson plans to open-source Hindenburg's research methodology through materials and videos over next six months.
The firm's Adani report in 2023 caused a $108bn market value drop and sparked political controversies in India.
The case could set precedent for short-sellers and financial markets regarding transparency and manipulation ethics.