Citron Research founder pleads not guilty to securities fraud charges

 Andrew Left, the founder of Citron Research, a financial research company that specializes in short selling, refused to plead guilty to several securities fraud charges against him on July 26. Left attended a 40-minute hearing at a federal court in Los Angeles, where Judge Rozella Oliver ordered him to pay $4 million in unsecured bonds and $1 million in secured bonds. Left's trial is scheduled for September 24. Earlier, on July 26, the US SEC and DOJ charged Andrew Left, alleging that he misled retail investors through "bait and switch" stock recommendations and made a profit of $16 million.