Short seller Bonitas ordered to pay $900,000 over misleading report on Rural Funds

Securities 2020-04-01 9:52 pm By Christine Caulfield | Melbourne

Activist short seller Bonitas Research must pay Rural Funds Management almost $900,000 after the US-based Bonitas was found to have engaged in misleading or decpetive conduct in issuing a report describing the agricultural fund manager’s equity as “ultimately worthless”.