SEC Trims 'Big Short' Adviser's Fine, Denies ALJ Challenge

By Carmen Germaine ( January 9, 2017, 2:44 PM EST) -- The U.S. Securities and Exchange Commission on Friday partially overturned an administrative law judge's decision penalizing an investment adviser featured in the book and movie "The Big Short" on remaining claims over collateralized debt obligations but rejected his challenge to the agency's administrative judges....

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