Short seller Andrew Left convicted of securities fraud in California

Key points

• A federal jury in California has convicted short seller Andrew Left of securities fraud.
• Left, who was a securities analyst, trader and guest commentator on television channels including CNBC and Fox Business, was charged in July 2024 with one count of engaging in a securities fraud scheme, 17 counts of securities fraud and one count of making false statements to federal investigators.
• As a short seller, Left would make money betting that stocks would fall.
• The justice department said on Tuesday that Left was convicted of one count of participating in a securities fraud scheme and 12 counts of securities fraud.
• He is scheduled to be sentenced on 31 August.