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Short seller Andrew Left convicted of securities fraud in California

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Federal jury convicts the securities analyst and trader, who could face a maximum penalty of 25 years in prisonSign up for the Breaking News US newsletter emailA federal 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...

Federal jury convicts the securities analyst and trader, who could face a maximum penalty of 25 years in prison

A federal 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.

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Originally published by The Guardian Business Read original →