Posted 1/7/2024, 12:00:00 PM
Muddy Waters Urges London Stock Exchange to Avoid Regulatory Race to the Bottom
- London Stock Exchange should avoid "race to the bottom" and remain a clean, transparent market, says Carson Block of Muddy Waters Research
- Block urges against loosening rules to compete with New York; London should stay a "niche market" focused on accountability
- Block critical of "lie to me culture" in US markets where founders fake progress to boost valuations
- Recently targeted Blackstone property fund for potential $4.5B in losses due to higher rates and remote work impacts
- With UK short selling rules changing, London becomes more attractive for funds like Muddy Waters to uncover corporate misdeeds