SEC charges Citron Research founder with $16 million in securities fraud
Andrew Left, the founder of the short-selling financial research company Citron Research, has been accused of securities fraud, allegedly earning $16 million through misleading retail investors with "bait and switch" stock recommendations.
The US SEC stated in a statement on July 26th that Left is a strong cryptocurrency skeptic who uses social media and television programs to make recommendations on stocks he holds short or long positions in. This creates an illusion that his public comments on these stocks are consistent with his company's trading activities, even though he often engages in "reverse operations."
The SEC added: "This fraudulent behavior deceives investors and allows Left to use his Citron Research reports and tweets as a catalyst for short-term profits." (Cointelegraph)
Earlier news, Andrew Left and Citron Capital were charged by the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) for allegedly committing millions of dollars in fraud. Citron Research is reportedly one of the most famous short sellers of GameStop, announcing in June that it will no longer short GameStop.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Meta Eyes Stablecoin Payments After Crypto Hiatus
Meta plans to integrate stablecoin payments into its apps, marking a return to crypto after three years.Why Meta Is Betting on Stablecoins

Best New Meme Coins to Invest in Now: Troller Cat Set to Jump 20% as Notcoin Holds Ground and Degen Surges
Troller Cat presale surges with ROI projections, while Notcoin and Degen trend in meme coin circles. Learn why these are the best new meme coins to invest in now..Unlocking Massive 69% APY Staking Rewards–Why Troller Cat Is One of the Best New Meme Coins to Invest in NowTelegram’s Favorite Token? Notcoin Climbs as Volume Jumps 13.5%$DEGEN Rally Accelerates With 76% Spike in Daily Trading Activity

DOODUSDT now launched for futures trading and trading bots
Ethereum Foundation allocates $32 million to expand education and tools in the ecosystem
Trending news
MoreCrypto prices
More








