Hong Kong tribunal finds short seller Citron culpable of misconduct

August 26, 2016 8:20 AM

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HONG KONG Aug 26 U.S.-based short-seller Citron Research was culpable of market misconduct with the publication of a misleading stock research report in June 2012, Hong Kong's Market Misconduct Tribunal's (MMT) said in a statement on Friday.

The case comes after Hong Kong's Securities and Futures Commission (SFC) alleged that Citron founder Andrew Left engaged in market manipulation by spreading false or misleading information on Hong Kong-listed Chinese property developer China Evergrande Group.

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