Anderson is under scrutiny for colluding with hedge funds in preparing reports to target various companies, added the report based on a Canadian portal, which cited documents filed before a court in Ontario.

The court documents allegedly revealed that Hindenburg colluded with Anson hedge fund while preparing a report.

Nate Anderson, the short seller who made his name with campaigns targeting billionaires Gautam Adani, Jack Dorsey and Carl Icahn, said he’s disbanding his small but renowned firm, Hindenburg Research.

In his parting shot, Anderson said he was naïve about the dangers he would face when he started Hindenburg but was drawn to the path he chose "magnetically"

Moez Kassam, head of Anson Funds, according to documents filed before the Ontario Superior Court of Justice, admitted that his firm had shared research with "a wide variety of sources," including Hindenburg Research.

The documents reportedly indicate that Hindenburg and Anson worked together on crafting bearish reports targeting companies, raising questions about securities fraud.

Through his firm Hindenburg Research, Nate Anderson has targeted companies such as Roblox, DraftKings, and billionaire Carl Icahn's Icahn Enterprises.

Research founder Nate Anderson has decided to disband the research firm, which has released prominent reports on market manipulation and accounting fraud. Joining us now for more on this is Bloomberg's Carmen Ryan.

Nate Anderson who started Hindenburg Research in 2017, is best known for exposing Nikola Motors, which claimed to have developed a fully functional hydrogen-powered truck. In India he is known for a January 2023 report accusing Adani Group of fraud.