The Securities and Exchange Commission (SEC) has raised concerns over the practices of activist short sellers, particularly their tendency to cover shorts quickly after releasing reports. This scrutiny follows a complaint against Andrew Left, a prominent figure in the short-selling community. In response, Kerrisdale Capital has issued a new disclaimer in its reports, humorously suggesting that investors should assume the firm has shorted significant amounts of stock prior to publication. The disclaimer appears to be a reaction to the SEC's stance on the transparency and integrity of short-selling activities.