Short Seller Andrew Left Faces Fraud Charges, Accused Of Manipulating At Least 15 Stocks
Famed short seller Andrew Left was charged with fraud on Friday. Federal prosecutors allege that Left manipulated stock prices for his own financial benefit.
What Happened: Left, the founder of Citron Research, is accused of using his influence to manipulate stock prices in his favor, according to a report by The Wall Street Journal. The charges imply that Left would publicize his bets, set ambitious price targets and then quickly close his positions once his statements had affected the market.
What Happened: Left, the founder of Citron Research, is accused of using his influence to manipulate stock prices in his favor, according to a report by The Wall Street Journal. The charges imply that Left would publicize his bets, set ambitious price targets and then quickly close his positions once his statements had affected the market.
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