The Securities and Exchange Commission (SEC) announces that Ryan Choi agreed to pay more than $1.8 million to settle charges that he negligently engaged in a scheme to defraud readers of Citron Research in connection with two tweets issued by the platform.
In July 2024, the SEC charged Andrew Left, who operates the Citron Research website and related social media platforms, for engaging in a scheme to defraud Citron Research followers by publishing false and misleading statements regarding his supposed stock trading recommendations.
The SEC’s complaint against Choi alleges that in December 2020, Choi worked with Left on the research and content for two buy recommendations that Left issued through Citron Research. According to the complaint, Choi failed to act reasonably by not conducting adequate research or due diligence, which he provided…
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