Good to see the short sellers doing the regulators' work for them again - not that the authorities like it.
Last week, Spain's stock market regulator called on the SEC and the FCA to provide information about short seller Gotham City at the same time as its dodgy target, Gowex, was declaring GC's fraud allegations to be "categorically false". But yesterday, Gowex's founder admitted to falsifying accounts for past four years.
It defies belief that short sellers should be able to find such golden opportunities amongst listed companies.
Just goes to show that auditors still need to understand the nature of scepticism. And that regulators could benefit from hiring some traders of their own.