December 11, 2014
The U.S. Securities and Exchange Commission didn't violate the constitutional rights of Wing Chau, an investment manager featured in Michael Lewis' book "The Big Short," by hitting him with an administrative proceeding rather than a federal court suit for allegedly duping investors in a $1.5 billion security, a judge ruled Thursday.
March 21, 2014
Wing F. Chau, a money manager featured in Michael Lewis' book "The Big Short," sued the Securities and Exchange Commission in New York federal court Friday, claiming the agency violated his constitutional rights by bringing an administrative proceeding rather than a lawsuit over claims he misled investors in a $1.5 billion collateralized debt obligation.