Nate Anderson, the founder of Hindenburg Research, is under scrutiny for alleged connections with hedge funds amid the firm's decision to wind down operations after nearly eight years. Reports indicate that Anderson may have shared non-public information with hedge funds prior to releasing critical reports. Court documents from a defamation lawsuit filed in Ontario suggest a collaboration between Anderson and Moez Kassam, head of Anson Funds. Despite these allegations, Hindenburg has stated that it is not under investigation by the U.S. Securities and Exchange Commission (SEC) and has denied any wrongdoing related to its reports targeting companies. The firm gained notoriety for its role in uncovering fraud at electric vehicle startup Nikola.