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NEW YORK (Dow Jones)--Los Angeles investment adviser Stanley Chais filed a formal answer Wednesday to U.S. Securities & Exchange Commission civil fraud charges over his ties to convicted Ponzi-scheme operator Bernard Madoff, saying the case should be dismissed in part because of the SEC's own conduct regarding Madoff.

In a 10-page court filing, Chais generally denied wrongdoing regarding his actions with ...

http://online.wsj.com/article/BT-CO-200 ... 18073.html