A doctor ordered to pay more than $4 million after the SEC accused him of defrauding immigrant investors will take his case to the Ninth Circuit, he told a federal judge in California. Robert Yang faced a Securities and Exchange Commission suit for allegedly raising almost $20 million from Chinese investors for sub-acute nursing care facilities and diverting the funds for other uses. He and three relief defendants will appeal the U.S. District Court for the Central District of California’s decision. Judge Stephen V. Wilson in February ordered Yang to individually pay about $1.4 million in disgorgement. The judge… To read the full article log in. Learn more about a Bloomberg Law subscription.