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SEC Suit Over Fund Adviser's $1B Loss Teed Up For Trial

By Katryna Perera (October 4, 2024, 10:20 PM EDT) -- An Illinois federal judge has declined to grant the U.S. Securities and Exchange Commission a win in its suit accusing a now-defunct Chicago investment adviser of mismanaging $1 billion in assets, finding that a jury will need to consider many of the suit's claims around whether investors were misled about the firm's trading strategy and risk management practices....

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