Andrew Left, founder of Citron Research, a sell short financial research firm, has pleaded not guilty to several securities fraud charges against him on July 26. Left attended a 40-minute hearing in a federal court in Los Angeles, where Judge Rozella Oliver ordered him to pay $4 million in unsecured bonds and $1 million in mortgage bonds. The trial date against Left is scheduled for September 24. Previously, it was reported that the SEC and the Department of Justice filed charges against Andrew Left on July 26, claiming that he misled retail investors into making $16 million through "decoy" stock recommendations.