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Ebix: SEC probe into short seller claims closed
By 
Kyle Brasseur2024-04-03T05:04:00
Ebix announced the Securities and Exchange Commission (SEC) closed an investigation into allegations against the software company’s accounting practices raised in a short seller report.
In a press release Monday, the company said the SEC concluded its probe, which had not been announced publicly, without intending to recommend an enforcement action.
The agency’s investigation was launched in response to the 2021 resignation of RSM as Ebix’s auditor and a report published by Hindenburg Research in 2022 that accused the company of fabricating revenue growth within its gift card division.
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