(Reuters) The U.S. Securities and Exchange Commission has partially overturned a ruling finding an investment adviser featured in the best-seller “The Big Short” liable in a case stemming from the 2008-09 financial crisis, but it increased how much he owes.
The SEC on Friday partially reversed an administrative judge’s 2015 decision finding that Wing Chau and his firm, Harding Advisory LLC, committed fraud in connection with two complex investment products linked to mortgages.
