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Tuesday, 24 May 2016

Steve Cohen case ends with whimper - as may SAC

Lame arm of the law

The SEC has accused the billionaire hedge fund boss of turning a blind eye to insider trades by two of his firm’s employees. A civil, rather than criminal, case isn’t much to show for a years-long probe. It may at least leave Cohen with his ego bruised, managing only his own money.

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