SEC Wins a Round in Battle over Agency Actions | Litigation Daily

U.S. District Judge Lewis Kaplan on Thursday rejected a bid by money manager Wing Chau, whom the SEC accused of defrauding investors in a $1.5 billion collateralized debt obligation, to block an SEC administrative judge from ruling in his case. A trial in the SEC proceeding has already taken place, and an administrative law judge is expected to rule in January.

via SEC Wins a Round in Battle over Agency Actions | Litigation Daily