News Formal

U.S. criminally charges Citron Capital’s Andrew Left for alleged market manipulation

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 14 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 173%
  • Publisher: 92%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

Activist short seller Andrew Left faces multiple counts of securities fraud for an alleged long-running market manipulation scheme

U.S. authorities filed criminal and civil charges against prominent activist short seller Andrew Left on multiple counts of securities fraud for an alleged long-running market manipulation scheme, they said on Friday.

The SEC filed separate civil charges against Left and Citron Capital LLC over what it described as a $20 million scheme to defraud followers. But then Left and Citron Capital quickly reversed those positions to capitalize on stock price movements, they said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US sues Citron Capital and founder Andrew Left for alleged market manipulationLeft used his social media platforms on at least 26 occasions to publicly recommend taking a position in companies, only for him to reverse his firm's...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »