Reported about 1 month ago
Ryan Choi, an associate of short seller Andrew Left, has settled SEC claims regarding his role in misleading investors via tweets, potentially increasing legal pressure on Left. Choi must return $1.6 million and pay a civil penalty of $115,231, while the SEC claims Left misled investors about his trading intentions, asserting illegal trading behavior. Left, who has pleaded not guilty, argues the allegations against Choi and the SEC's claims lack validity, suggesting the government's actions distort the facts surrounding Left's trading strategies.
Source: YAHOO