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Adviser accused of fraud boycotts SEC's in-house administrative trial

An investment adviser accused of fraud by the U.S. Securities and Exchange Commission has a new way to defend herself at an internal agency trial. She's boycotting the proceeding.

Dawn Bennett failed to show up to the in-house court in Washington for the start of her trial Wednesday, her lawyer, Greg Morvillo, said. Bennett lost her appeal to halt the SEC case after she claimed the proceedings are biased.

“We asked the SEC, out of fairness, to adjourn the administrative proceeding until the constitutional question is resolved by the courts,” Mr. Morvillo said in a statement. “They have refused.”

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