According to Odaily, Andrew Left, founder of short-selling financial research firm Citron Research, has been accused of securities fraud. Allegations suggest that Left profited $16 million through misleading stock recommendations aimed at retail investors, a tactic referred to as 'bait and switch.' The U.S. Securities and Exchange Commission (SEC) stated on July 26 that Left, a known cryptocurrency skeptic, used social media and television appearances to make stock recommendations for positions he held, either short or long. This created a false impression that his public comments aligned with his company's trading activities, although he often acted contrary to his statements. The SEC added, 'This fraudulent behavior deceived investors and allowed Left to use his Citron Research reports and tweets as catalysts for short-term profits.' Previously, Andrew Left and Citron Capital faced charges from both the SEC and the Department of Justice (DOJ) for alleged multi-million dollar fraud. Citron Research, known for its short-selling stance on GameStop, announced in June that it would no longer short GameStop.