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Home Business Investors see a warning in Andrew Left's conviction

Investors see a warning in Andrew Left's conviction

· · 1 min read
  • Andrew Left’s conviction on 13 counts of securities fraud drove a swift online reaction from the investing world.
  • One financial intelligence firm warned of increased scrutiny for other short sellers.
  • Some said that Left is one of many investors opining on companies and then profiting through trades.
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“So now a truthful opinion that ends up making money is illegal. Is this America?” he said in a post. “We disagree with the jury and this does not stop here. We will keep fighting for free, honest speech and opportunity, the backbone of this country. This is not over.”

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Left will be sentenced in August. The anonymous X stock market commentator @Mr_Derivatives predicted he would find a second act.

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“The crazy part about Andrew Left’s story is that he himself through one single tweet was able to move a stock like $NVDA, $TSLA, $PLTR, at the time, anywhere between 5-20%. The market caps then were still very sizeable at $250B – $500B ish I believe,” he posted.

“Anyways, he’ll get out of jail in 2-4 years ish max. A movie like Wolf of Wall Street 2 will be made about him. He’ll be infamous and famous, will still have money when he gets out like Jordan Belfort, he’ll be fine.”

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Nairavoice
Contributor at NairaVoice.com.ng