Prominent Short Seller Charged With Market Manipulation

[@Haskellerz]

Andrew Left: Commits market manipulation The Plain Bagel: Meh Andrew Left: Canadians are Gullible, Very. The Plain Bagel: THIS IS PERSONAL. I AM TAKING YOU DOWN

[@noahmosher6543]

Left is a hoser eh

[@bobSeigar]

No doot abootit.​@@noahmosher6543

[@bbcapital7953]

@@noahmosher6543 FUCK andrew left hope he gets all 25 years i was a bag holder in namaste lol back in 2017

[@nathanlevesque7812]

I wish I could argue against the gullibility of my fellow Canadians.

[@catlovingtrio]

To be fair, market manipulation is just business. Calling Canadians gullibe is personal.

[@internetshaquille]

“If not even unbecoming” is such a delightfully Canadian line lol

[@yeungx]

I love "poop and scoop". If it is original, I fully support that as the official term for an inverse pump and dump. I can't wait to see "poop and scoop" in a official FCC filing.

[@gasmice]

Quick web search indicates the term has been around since at least 2019, but I did not find an origin.

[@HesderOleh]

I feel like poop and scoot might be better

[@turquoisebunny]

They are different things. Pump and dump is saying how great a stock you already own is and then selling it once people begin to buy it and drive up the price. Poop and scoop is saying how awful a stock you don't own is and then buying it once people begin to sell it and drive down the price.

[@jfraklin]

Short and distort

[@whiskersredwood]

"Poop and scoop" 😂😂😂😂

[@analienfromouterspace]

"Umm..scoop it up"

[@MichaelJones-wj4mo]

Okay but the fact that you can pump a stock at the same time you are planning on exiting it and then just have a judge void it because the prosecution can’t show exactly when you were planning on leaving your position is actually insane

[@GlutesEnjoyer]

Actually fair thing to defend with. Leaves benefit of the doubt at the very least.

[@avalokiteshvara113]

Our world is insane

[@gorkyd7912]

Why is it insane? How was it pumped, by telling people to buy? And they chose to buy... based on someone else telling them to... but its not their own fault? This is like "it's insane that a used car salesman sold me a car that they themselves do not want to own." Yeah, that's why they sold it.

[@maxg8766]

@@gorkyd7912No... it's like a salesman disguising themselves as a potential buyer, listing reasons why a car is good, but then it contains a fatal flaw.

[@NeostormXLMAX]

Stocks are ultimately just gambling these days

[@GarackTheMad]

"You can't do market manipulation! That's my job!" - Andrew, probably

[@brentfarvors192]

Difference being, that Roaring Kitty based his speculation on actual publicly accessable company data, vs flat out lies, and defamatiois claims to push a short position lower...

[@feynstein1004]

FYI accusing other people of doing what you're actually doing in secret is called projecting

[@NeostormXLMAX]

Im noticing a trend with this

[@TQFMTradingStrategies]

This is why I only use Numerology and Divination to trade. Nothing but questionable sanity is influencing my decisions.

[@MattCurrieImprov]

📈

[@bigboi1004]

I am intrigued and would like to tie my family's future to your trading strategy. How can I start divining stonks?

[@TQFMTradingStrategies]

@@bigboi1004 ayahuasca shamanism and a magic 8 ball.

[@TQFMTradingStrategies]

@@bigboi1004 I practice traditional Roman fortune telling methods, see what you do is you get a sheep right

[@nathanlevesque7812]

Numbers for the number throne.

[@nathanlevesque7812]

So he was projecting harder than an IMAX theater all along.

[@quasimodo1914]

Andrew Left trading against his alter ego: Andrew Right

[@wafflehouse6650]

Every accusation is a confession 😂

[@codcaptainswag]

Well well well

[@connorvic3]

Are you then accusing the prosecutors of being a market manipulator as well?

[@AM2K2]

@@connorvic3 🤓m

[@YoutubeHandleModerator]

I was told there's no manipulation of the market... but then I was also shown evidence there was, something about a guy saying "fundamentals don't matter" he runs a big TV show now and if you inverse his calls you make money.

[@PaulS-q9c]

Fantastic video. I'd love if you could cover more examples of financial crimes. Possibly covering different examples that lead to law changes and the regulations that now exist. You take the sensation out of it and explain the specific machinations of what happened

[@TshepoMoagi]

Solid idea.

[@Bubs0271]

Like the "Eddy Murphy" rule

[@flywheelshyster]

Richard Coffin is such a cool name, feels like the name of a character in a post modern American novel...like Victor Lavelle's Big Machine. I'm gonna use it, no other aspect with be relative to you

[@whyisevrynamtaken]

I mean this with the least disrespect possible, but it is also kind of an unfortunate one

[@flywheelshyster]

@whyisevrynamtaken lmao the fact that it took me a second is equally tickling my funny bone. Too much dick coughing will put ya in the grave 😄

[@flywheelshyster]

@whyisevrynamtaken well I had responded but it deleted my comment. Which is good because it explained the joke and as we all know that kills the joke too.

[@sinfulhappiness]

6:38 POOP AND SCOOP... Stop. You are killing me, Richard. 🤣

[@MatthewStinar]

All of this is just a side effect of the root problem, which is that arbitrage has become the primary source of income rather than an incidental benefit. Economic value capture has exceeded real value creation and it's continuing to accelerate, starving the real value creation process of productive resources as a result. Put another way, more and more rats are fighting over less and less food.

[@austinmillbarge8731]

I agree with your point 👉 but what's the solution? Without one your logic is just sticks and stones and means everyone will just become a rat 🐀. That's Miami in a nutshell. You can be a rat, or you can starve. Most people just choose to become rats.

[@MatthewStinar]

@@austinmillbarge8731 Capital gains should be taxed at the same rate as earned income and stock buybacks should go back to being prosecuted as illegal stock manipulation.

[@gorkyd7912]

@@austinmillbarge8731 The solution is that the people who actually make things, productive people, need to make a new currency. The thing we get paid for building houses should not be the same thing that is printed to the tune of $100B every couple weeks by useless people so they can give it to their useless friends.

[@Doctor_Jekyll]

Isn't it "Short and Distort?"

[@ThePlainBagel]

That works too I guess but I like mine better

[@TshepoMoagi]

I also like poop and scoop 😂

[@handlemonium]

Turning shortening into Strawberry Shortcake.

[@bluest1524]

Turns out "candy from a baby" carries a prison term.

[@mack-uv6gn]

I’m surprised it took this long to get this guy. The guy has a stench that can be smelled hundreds of miles away.

[@JamieDupont-tj5lx]

yeh agreed looks good on him

[@stupidbro2301]

The problem was that at least in a short part of his business, he was nearly always right in the end, so no one kinda cared.

[@otum337]

Perfect scapegoat

[@mack-uv6gn]

@@stupidbro2301 especially on China which is low hanging fruit

[@bubba99009]

Seems like serious overreach considering they don't have him on spreading material false information about the companies he covered. Most of their case rests on being overly aggressive with things like price targets, which are just opinions that can't be disproved unless you are a mind reader. Just because you offer a price target of $10 that doesn't mean you must hold it until then and then close the position immediately when it hits your target - that is nonsense. Then they could lock up every analyst on wall street because they all offer idiotic price targets and always have.

[@Milnoh]

I changed my mind, Richard is funnier that Patrick Boyle

[@OptimusToaster]

Better comedian but that's because Patrick is so focused on his rapping

[@joycelynnelobert8779]

@@OptimusToastermaybe Boyle will drop a diss track on Coffin. I love fintech/rap crossovers.

[@KathyClysm]

Boyle v Coffin, the TRUE rap beef of the century

[@ForumArcade]

You're always so clear, careful, and understandable and I appreciate that.

[@ahmadsalem4558]

one of the best channels out there

[@longmuskox4194]

Just the tip of an iceberg. So many more out there.

[@xwarped83]

Thank you for explaining “poop & scoop”

[@KingArthurk]

Thanks for informing about Citron research as I couldn't find time to look into them properly!

[@lashlarue7924]

😂 I love the short-seller's Pump & Dump = the "Poop & Scoop" 😂

[@MattVentures]

"Poop and scoop" 😂 pure poetry. Well done

[@genericusername5909]

The swamp is fermenting

[@SOTPOD]

pot, meet kettle. thanks as always for this breakdown, man!

[@EmperorRahem]

Thank you for making financial news easy to parse

[@wheelsbt]

I just want to say that your videos have been immensely helpful as I'm just beginning to get into and learn about trading and asset markets. You simplify and explain concepts so well.

[@zdrux]

The guy did what politicians do every day and they never get in trouble for it.

[@CalCalCal6996]

So heres the issue. This kind of activity should have mandatory jail time. If he gets off with a fine that is a small percentage of the ill gotten gains, why would anyone not do this?

[@PijanTheDrunk]

projection is often a shyster's go to move.

[@Mankorra_Gomorrah]

Confession through projection has repeatedly popped up in big and medium scale scandals time and time again.

[@shatzofhudson]

"What the hell man?" 🤣🤣🤣 2:23

[@xiphoid2011]

For good or bad, he will likely be acquitted. As an Asian American immigrant, I can see both the good and the bad. In a democracy, a person is presumed innocent. All it takes is 1 out of 12 jurors to find there is a reasonable amount of doubt, he will be acquitted. I even watched as an almost certainly guilty drug user (with body cam footage) get a plea bargain after we the jury listened for 3 days of testimonials. This is indeed a poor outcome. But but on the flip side, I came from a country where you are guilty because the state/chairman says so... and both my grandfathers were languished more than 10 years as political prisoners, I sigh but reservedly agree the democratic system is the lesser of 2 evil. But I certainly hope there is a more reasonable middle ground between setting free 10 criminals rather than wrongfully convict an innocent man, vs the opposite where 10 innocent lives are sacrificed for a government can catch 1 person in order to maintain power.

[@dantebrosia]

Wow, can I ask what country did that to your grandfathers? I can't imagine the amount of trauma that could have on someone

[@RunsWithGinger]

If anybody is pretending to give you financial advice online, it’s because they’re making money directly or indirectly from you. Be very skeptical of people telling you what and when to buy.

[@augustoliver2779]

I would rather be gullible than known for being rude and uneducated.

[@Veteran_Nerd]

Market manipulation? (Jim Cramer has entered the chat)

[@RoganJoeExperience]

Finally a big channel reporting on this!

[@Greenho08]

Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?

[@yunusekinci-y8y]

Remember that investing in the stock market carries risks, and it's important to do your own research and consult with a financial advisor before making any investment decisions especially this period

[@Lambert97]

The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds.

[@Lambert97]

@Jørgensen79 Kevin S Mikan is my FA. Just google the name and you'd find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@Lambert97]

@Jørgensen79 . Kevin S Mikan is my FA. Just google the name and you'd find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@TunaBuyruk-n8f]

@Jørgensen79Kelvin S Mikan is my FA. Just google the name and you'd find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@mmsutantowrites]

Thank you, Plain Bagel 🤟

[@keiththoma2559]

He’s in serious trouble if US AGs office has an indictment. Their conviction rate is absurd.

[@pat.russStudios]

Great video. Never take someone's stock pick at face value, always do your own research

[@Efraim17275]

2:24 Richard got a little sting in his heart 😂

[@savage751]

Great party game....take a shot every time he says "allegedly" lol

[@clickster1883]

The commentary matched w the showing of Cramer was perfect.

[@Flynbourne]

They don’t do this unless they have a pile of evidence. Andrew is toast. I dislike meme stocks as much as the next decent Investement manager. But what I dislike more is hedge funds manipulating markets with impunity. Go get him.

[@just_another_bot0110]

Can't hate on the man for thinking he can steal from Canadians and thinking all they would say is SORRIII!

[@Almost_Made_It]

About time. This guy was unbelievable

[@improvedalpaca3294]

This is why its so important that Richard doesn't share stock picks. As much as we trust him and he is genuinely interested in educating people. It inherently muddies the water when you start making recommendations to a follower base. People shouldn't push him for stock picks and i respect that he has stood by not making any

[@TheR0yalBeast]

There's nothing illegal about being a scoundrel public short seller. Almost every time their claims are correct. Also i don't believe it is good practice to take SEC filings at face value.

[@shadowclient-iy7tn]

i love the word "alleged" and all its variants.

[@BrandonBiden-m2q]

Love your channel. How come Wall Street banks weren’t charged w/ market manipulation with “pumping & dumping” their CDOs during the financial crisis of 2007-2008? 🤔

[@dukedijon-ks4qt]

"Holy Tamolay" Thems fightin' words up in Canada...

[@C.u.d.s]

Still important to make an example out of him by having the government charging him. Now people feel there’s actually a risk.

[@Waldohasaskit210]

'Projection' is the word you're looking for

[@jortand]

Fun friday game for the whole family, take a shot every time “allegedly” is said.

[@nf6110]

Aw man, I liked Namaste. It was one of the only companies at the time that had consistently in the preroll market.

[@SHDW-nf2ki]

So pump n dumps are legal if you have the right job title, awesome.

[@theicecreamninja101]

I watched the whole video

[@jpanda79]

3rd video I've seen so far on the topic. But yall are so great I don't care

[@cp4512]

KZbin and Social Influencers, by the very definition of their job, try to influence people/markets! 😂😂😂

[@MountainFinance]

Another good one Richard :-)

[@pbinnj3250]

Then why hasn’t Jim Cramer been charged? Years ago Jon Stewart showed a clip of Jim Cramer boasting how he shorted Apple stock and created bad mouth rumors against the company. He said explicitly that this was common for hedge fund managers.

[@marklandwehr7604]

It's called report and destort

[@jorgeespinoza7845]

It’s always the loudest showing their hand 👀

[@cyc00000]

Come on, no matter if its crypto, share/stocks, NFTs etc.. anyone pushing it online is generally dodgy.

[@charles.in.charge]

Bro running a lemonade stand, ofc he named it "Citron Research"

[@rnegoro1]

so the hedge fund behind Keith Gill counterattacked.

[@TheScourge007]

Just one bit of clarification that might help people understand what happened with the case of influencers getting thrown out in Texas isn't really directly about the case happening in Texas (mentioned 14:16). More directly, it is because the federal judge there was appointed by Republican George W. Bush and is known as a doctrinaire conservative. The fact that this justice is in Texas is incidental to that, one could expect a doctrinaire conservative appointed by a Republican president to have tendencies like that anywhere in the country. To explain, in the US conservatives largely take the stance that buyer-beware is the most appropriate way to handle most product or securities disputes. The more conservative the judge involved, the more they tend to rule in that direction. This can be seen in this case, but also in how conservatives approach issues like multi-level marketing companies (which are large Republican donors) and their support for crypto-currencies (which can at times also be seen with more centrist to right wing Democrats). Also this to say a more enlightening description of the judge is he is a conservative in one district and so this case given ongoing appeals is still controversial and not settled law. This avoids the regional distraction that is incidental while also informing those who know what is happening with current US judicial politics that the right wing influence on the Supreme Court may wind up supporting this judge, and that the decision can be identified as part of the larger right-wing shift in US juris prudence that has been particularly notable since the Dobbs decision.

[@jtowensbyiii6018]

Correction, republicans believe scams are legal

[@Videomorgue]

I'm just amazed that a US regulatory agency actually did something. They sure do seem selective about which serial stock manipulators they choose to go after. Let's hope this is just the start.

[@caucasianafrican1435]

Another example of projection. People accuse others of who they are and what they do themselves.

[@rb95051]

About his defense to be doing right stuff most often time, if i go to the bank 10 times to deposit or withdraw money and ONLY once to rob it, does it make my (illegal) action legal? He's a crook in the end which defrauded some other investors.

[@TheThreatenedSwan]

No, someone with his background and character would never be unscrupulous

[@tacitregular2852]

Yeah I’m not surprised

[@foodie5367]

The difference between a money fund and the average retail trader is the money manager has fiduciary duties. Meaning they have to be very careful of how they present information that might affect the market. This video’s take obfuscates the differences between Andrew Left, representative of Citron Research, and Kieth Gill. If the DOJ is announcing something they have a 95% confidence of getting an indictment on Andrew Left. He is screwed, it’s just a matter of time.

[@juselara02]

Omg I just watched the documentary about gamestop on netflix. They interviewed this guy and his takes were kind of "interesting"

[@7overland514]

That’s a lot of fast talk trying to muddy the waters for someone you clearly understand to be a criminal.

[@YKSGuy]

I am thinking we are going to need a super cut of this video with every time alleged or allegedly is said.

[@supernukey419]

I am allegedly thinking we are going to need a super cut of this alleged video with every time alleged or allegedly is allegedly said

[@spadeespada9432]

If I as a public person (no financial background) make a statement Eg. "I found X Co. They're doing ... I believe its gonna be big in "some" time. They do work in ... If you got some spare cash put in a few bucks could be good. " Would that be market manipulation? What if I sell a portion of what I bought, because a big jump after my statement? 1 day ... 1 wk ... 1 mo ... 1 yr after

[@spadeespada9432]

Why aren't his statements considered Puffery?

[@pbinnj3250]

I thought after the research scandals of the 90s, research firms were supposed to disclose their interests in the stock they were reporting on.

[@TheThreatenedSwan]

Projection moment. Regulators should look at people with personalities that tend to do that with extra scrutiny

[@stillhaveit4113]

Nice explanation!

[@tomsetberg4746]

It's strange that he would get charged with market manipulation when the KZbinrs just got dismissed despite blatant pump and dump.

[@sunghong2676]

Hate him or love'em the man's a scammer. Wouldn't be suprised in a few years on CNBC or something doing the exact same thing.

[@somethinglikethat2176]

It's a shame because he's obviously good at what he does.

[@ashishpatel350]

hes no different thanthe people at hindenburg research

[@storyofeverything552]

As in Hindi we say " chor machay sor "

[@timp7412]

Great video, thanks!

[@patat007]

Almost 1 million. Let's go.

[@NeostormXLMAX]

Its always this projection

[@TheJschreib]

Wow… that is really overt. People like this really believe that they are above the law and the smartest people in the room. Glad this came to light.

[@KD-_-]

For the longest time only manipulating stock prices upward was policed.

[@smashbother5684]

1:02 "Ironic" Nah fam, man was straight up projecting.

[@MiguelRPD]

Mad projection from this guy 😂

[@getperfectrichmindsetright5638]

hey Richard, can you video on a company called cryptonomy please

[@randomviewer3494]

The only one I trust with stock recommendations is my goldfish. it decides what I buy or sell. I've beaten the market for 50 years straight, and got 1 hell of a goldfish to boot.

[@RandomDeforge]

wait. you're Canadian? all this time i thought you were from NYC

[@nikolainikolaichev]

8:37 BTC under 7k 🥲

[@Brayness]

He certainly was shady, but describing his actions as "unbecoming" is a little excessive