Short Seller Andrew Left Found Guilty of Securities Fraud

(Bloomberg) — Famed short seller Andrew Left faces the possibility of decades behind bars after being found guilty of using disingenuous social media posts to manipulate stocks, in a landmark case that threatens to chill a broader trading strategy loathed by corporate executives.

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Left, who gained a large online following with his blunt commentary about major US companies as well as smaller stocks popular with retail traders, was convicted Monday following a three-week trial in Los Angeles. Even before his conviction, his 2024 indictment spooked the industry and led some short sellers to beef up legal