Andrew Left, the founder of Citron Research, a short-selling financial research firm, has entered a not guilty plea to several securities fraud charges filed against him on July 26. In a 40-minute hearing at a federal court in Los Angeles, Judge Rozella Oliver set a $4 million unsecured bond and a $1 million collateralized bond for Left, who is required to post the collateral by August 5, as per a Bloomberg report dated July 29. During the hearing, Left was ordered to surrender his passport. This decision followed U.S. Assistant Attorney Brett Sagel’s successful argument that Left posed a flight
