Cohen Barred From Managing Money For 2 Years!

[Parsad]

Steve Cohen gets barred for 2 years alongside his previous $1.8B fine.  He can start managing outside money again in 2 years!  Nice job U.S. regulators...you'll just be dealing with this again 8-10 years from now.  Cheers!

 

http://abcnews.go.com/Business/wireStory/cohen-barred-managing-investor-funds-years-36170207

[lessthaniv]

Agreed, but then again they gave Michael Milken a lifetime ban ... Does anyone actually believe he is not involved in the markets?

 

:P

[randomep]

 

This implies he isn't going to get criminal charges? OMG

[original mungerville]

Wow, doesn't say much for US securities regulation.

[Mephistopheles]

From what I've heard, Steve made sure to have one or more persons between himself and the inside info to keep looking clean. At least a number of the crooks who were stupid enough to do his dirty work have been prosecuted and went to jail.

[tede02]

After seeing some of the depositions of the various litigation against Cohen, sac or former employees, I'm just not a fan of him.  These guys regularly sought and traded on insider info.