The corporate watchdog has stopped short of issuing actual recommendations and the advice is likely to be unenforceable against offshore groups.
ASIC is readying to release new advice to companies that the best way to respond to a so-called short ambush is with detailed responses to allegations,not just shouting.
GameStop shares have continued their rally,leaving analysts puzzled and triggering a series of NYSE trading halts.
Reddit forum WallStreetBets is hard for humans to follow at the best of times. But spare a thought for the machines.
Some of Wall Street’s most powerful players and a YouTube personality known as “Roaring Kitty” appear before Congress to answer questions over the GameStop frenzy that roiled markets.
The frenzy around GameStop’s stock may have quieted down,but the outsized influence small investors had in the saga is likely to stick around.
The ASX-listed aerial mapping provider has flagged additional investment to expand its US operations,with investors applauding the company’s latest numbers.
Aerial mapping provider Nearmap,under fire after a high-profile short seller said it was using accounting tricks to boost its sales figures,has been backed by several analysts who played down the claims.
Beijing-based short seller J Capital has targeted another Australian tech stock,with the release of a report alleging aerial mapping provider Nearmap has been hiding a poor performance from its crucial US market.
Digging up dirt on big companies,it turns out,doesn’t make you very popular.
Instead of heralding a new wave of investor populism,the rise and fall of GameStop’s stock may end up reinforcing what professional investors have known for a long time:Wall Street is very good at making money.