SEC v. Ryan Choi

Ryan Choi allegedly negligently engaged in a scheme to defraud readers of Citron Research in connection with two tweets issued by the platform. According to the complaint, Choi failed to act reasonably by not conducting adequate research or due diligence, which he provided to Left to support the recommendations that Left included in the Citron Research tweets. The complaint further alleges that Choi quickly traded on price increases that came after the two Citron Research tweets, and negligently failed to ensure that this trading activity was adequately disclosed in the tweets.

Summary generated from official Securities and Exchange Commission press release