
He could face up to 25 years in prison if convicted. Prominent activist short seller and market analyst Andrew Left has been criminally charged by federal prosecutors with multiple counts of securities fraud. If convicted, Mr. Left, 54, could face a maximum sentence of 25 years in prison for the scheme. Short-selling is a widely used and highly risky strategy used by traders to bet against a stock they view as overvalued. Well-known short sellers can create a frenzy in the financial markets by presenting bearish research findings about a...