Interesting that Citron Research put out its report about Shopify on the first day of the quiet period.  Is that not a violation of securities law or are short-sellers somehow immune from responsibility for anything?

Perhaps it wouldn't be appropriate for the short-seller research to indicate that the report is being made during the quiet period and so no disclosure would be needed on the report.   It would probably be a waste of the regulators' time anyway.  It would be a waste of time because people wouldn't know the reason why the company being targeted wasn't saying anything.   /sarc