Corporate watchdog ASIC to release new board advice on short selling attacks We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement The corporate watchdog is poised to recommend that boards adequately respond to short-selling attacks amid a global push to develop consistent rules around the practise and weed out ambush tactics used against some listed companies. In an information paper set to be released imminently, the Australian Securities and Investment Commission is expected to tell listed company directors they should respond to short selling attacks in detail, and not merely dismiss them as false or attempts at market manipulation.