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Posted on: Dec. 5, 2016, 5:20 p.m.
An investment adviser featured in best-seller "The Big Short" failed to persuade a federal appeals court to shut down a U.S. Securities and Exchange Commission fraud case. The advisor made his appeals on the ground that the agency sued him in the wrong forum. Chau was accused of concealing how he had let a hedge fund choose assets to back Octans I CDO Ltd, a collateralized debt obligation it eventually shorted. The company's April 2008 failure stuck investors with roughly ... Full investment news article