Following a July case against Andrew Left and Citron Capital, the SEC charged Ryan Choi for fraud based on tweets and reports published by Citron Research, a well-known short publisher recognized for its tabloid style exposés that purports to disclose fraudulent or other problematic behavior at target companies and identify companies as good short selling or long investment opportunities. The SEC complaint noted that Choi assisted Left in preparing tweets and reports published on the Citron Research platform that materially moved stock prices. In total, Choi made $1,647,217 in profits in connection with his trading around these two tweets. This case represents the third in the saga of fraud perpetuated by and related to Citron Capital and Citron Research. It demonstrates that the SEC will pursue enforcement action against all individuals who participate directly or indirectly in illegal market manipulation and wrongfully benefit from such activities. It should caution investment team members in all roles and at all levels against participating in suspect trading activities.