CFTC bars Steven Cohen from managing commodity hedge funds
Reuters
Published Aug 16, 2016 12:00PM ET
CFTC bars Steven Cohen from managing commodity hedge funds
WASHINGTON (Reuters) - U.S. derivatives regulators said on Tuesday they have barred billionaire SAC Capital Advisors founder Steven A. Cohen from registering and managing commodity hedge funds.
The Commodity Futures Trading Commission's decision comes after the Securities and Exchange Commission separately took action against Cohen for allegedly failing to supervise employee Matthew Martoma, who is currently serving prison time for insider-trading.
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Written By: Reuters
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