Parsad Posted January 8, 2016 Share Posted January 8, 2016 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 Link to comment Share on other sites More sharing options...
lessthaniv Posted January 8, 2016 Share Posted January 8, 2016 Agreed, but then again they gave Michael Milken a lifetime ban ... Does anyone actually believe he is not involved in the markets? :P Link to comment Share on other sites More sharing options...
randomep Posted January 8, 2016 Share Posted January 8, 2016 This implies he isn't going to get criminal charges? OMG Link to comment Share on other sites More sharing options...
original mungerville Posted January 9, 2016 Share Posted January 9, 2016 Wow, doesn't say much for US securities regulation. Link to comment Share on other sites More sharing options...
Mephistopheles Posted January 9, 2016 Share Posted January 9, 2016 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. Link to comment Share on other sites More sharing options...
tede02 Posted January 9, 2016 Share Posted January 9, 2016 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. Link to comment Share on other sites More sharing options...
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