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Press Releases

'Big Short' adviser loses appeal in SEC case

The 2nd U.S. Circuit Court of Appeals in Manhattan on Friday said federal judges lacked jurisdiction to decide whether the SEC deprived Wing Chau and his firm Harding Advisory LLC of equal protection by pursuing an in-house administrative proceeding instead of suing in federal court. In January 2015, an SEC administrative law judge ordered Chau and Harding...

Source: Reuters

SEC fraud trial of 'Diva of Distressed' Tilton wraps up

During his closing argument in a Manhattan courtroom, Tilton's lawyer Randy Mastro expressed anger that the SEC had accused the founder of Patriarch Partners of fraud, given what he called the lack of evidence presented at trial. He said that after a seven-year investigation, the SEC presented testimony from only a handful out of the dozens of investors at...

Source: Reuters