⁍ German financial watchdog BaFin said on Tuesday it was looking into allegations of market manipulation by the German financial services provider Grenke.

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⁍ Grenke, whose shares fell as much as 29% earlier in the day following the report, said it was preparing a statement in response.

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⁍ The critical report was by Viceroy Research, which raised the alarm and bet big against the collapsed payment company Wirecard.

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– German financial watchdog BaFin says it’s looking into allegations of market manipulation by financial services firm Grenke following a critical report by short-seller Viceroy Research. Grenke’s shares fell as much as 29% earlier in the day following the report, which alleged possible market manipulation by Grenke through accounting issues or by third parties in the form of an attack by short sellers. “We are investigating the allegations of market abuse made in the report,” BaFin said in a statement, per Reuters. The watchdog said its probe included possible market manipulation made by Grenke through accounting issues or by third parties in the form of an attack by short sellers. Possible insider trading before the report’s publication was also under review, BaFin said. “We are ready to cooperate with regulators,” Viceroy’s founder, Fraser Perring, told Reuters. “We are happy to show where the irregularities lie.” Grenke says it rejects the allegations and has “not violated any accounting regulations.”