Hong Kong Tribunal Says Citron’s Left Culpable of Misconduct
- Market Misconduct Tribunal sides with city’s regulator
- Left says firm “stands by our journalistic integrity”
This article is for subscribers only.
A Hong Kong tribunal said U.S. short-seller Andrew Left was culpable of market misconduct for a report that his Citron Research firm published about a stock listed in the city.
The Market Misconduct Tribunal of Hong Kong said Friday that information in the Citron note was “false and/or misleading as to material facts or through omission of material facts,” and that as such Left was either “reckless” or “negligent” in putting the report together.