XP Inc. tells Reuters aware of ‘unfounded allegations’ made by Grizzly Research

Xp Inc. (XP) tells Reuters that the company is “aware of recently disclosed unfounded allegations” after Grizzly Research revealed a short position. XP says it reinforces its “unwavering commitment to transparency, regulatory compliance, strict governance” and that the company “adheres to all regulations set by regulatory bodies” such as the CVM and SEC while adding that it has its operations “regularly audited by independent institutions,” Reuters stated.