Ryan Choi Settles with SEC Over Stock Recommendations

Ryan Choi, partnered with Andrew Left, has settled with the SEC for $1.8 million concerning charges tied to inadequate research and transparency over Citron's stock recommendations. The SEC alleged a lack of due diligence and proper disclosure in his trading practices.

Ryan Choi, an associate of notable short-seller Andrew Left of Citron Research, has agreed to a substantial settlement with the U.S. Securities and Exchange Commission (SEC).

Choi will pay $1.8 million to resolve charges stemming from two of Citron's contentious stock recommendations, as revealed in court documents.

The SEC alleged that Choi did not perform sufficient research or due diligence and failed to disclose his trading activities adequately.

(With inputs from agencies.)