The financial world was rocked recently with the indictment of Andrew Left, the founder of Citron Research, a firm known for its short-selling reports. This move by federal prosecutors is seen as a significant step toward curbing the controversial practice of “short and distort,” where individuals or entities short a stock and then release misleading or false information to drive the price down further.
The Indictment of Andrew Left: A Blow to “Short and Distort” Practices
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