Short seller Andrew Left convicted of securities fraud in California

Federal grand jury convicts the securities analyst and trader who could face a maximum penalty of 25 years in prison A federal grand jury in California has convicted short seller Andrew Left of securities fraud. Left, who was a securities analyst, trader and guest commentator on television channels including CNBC and Fox Business, was charged in July 2024 with one count of engaging in a securities fraud scheme, 17 counts of securities fraud and one count of making false statements to federal investigators. As a short seller, Left would make money betting that stocks would fall. Continue reading...

Original source: Guardian