Steve Cohen's New Firm Has No Plans to Run Outside Money Before 2018
- Lawmaker calls Stamford Harbor a `mockery' of SEC's mission
- Massachusetts Democrat requests briefing from regulator
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U.S. Senator Elizabeth Warren is taking the Securities and Exchange Commission to task for allowing Steven Cohen back in the hedge fund game just months after the billionaire settled allegations that he failed to supervise a convicted insider trader.
“This decision raises serious questions about the SEC’s ability to protect investors, to uphold the integrity of financial markets from corrupt, illegal investment management practices, and to impose meaningful accountability on wrongdoers,” Warren, a Massachusetts Democrat, wrote in a letter dated April 21 to SEC Chair Mary Jo White.