In Insider Trading Settlement, Steven Cohen Will Be Free to Manage Outside Money in 2 Years
Matthew Goldstein and Alexandra Stevenson, 08 January 2016
Steven A. Cohen, the billionaire investor, is walking away largely unscathed from nearly a decade of investigations by federal prosecutors and securities regulators into accusations of insider trading at his former hedge fund.
On Friday, Mr. Cohen reached a deal with the Securities and Exchange Commission that will bar him from managing money for outside investors for the next two years. That is a far cry from the lifetime ban that securities regulators sought when they filed an administrative case against him more than two years ago. Continue reading “Article: In Insider Trading Settlement, Steven Cohen Will Be Free to Manage Outside Money in 2 Years”
