Shares of Ebix (EBIX), which provides software products for the insurance industry, are falling sharply after a contributor to the financial site Seeking Alpha alleged the company's financial statements are "unreliable, inaccurate, and incomplete." The contributor, Gotham City Research, disclosed a short position in the stock in conjunction with the cautious report. According to the blog post, Ebix Singapore made a $66M undisclosed related party loan to an unnamed related company and Ebix's long-lived assets in filings for 2010 and 2011 "don't add up." The post also references a Bloomberg story from last November that said sources indicated the SEC is probing Ebix' accounting practices. Ebix responded at the time of that Bloomberg report by stating that it stands behind the accuracy of its public filings. In late morning trading, shares of Ebix fell about 13% to $16.59.