Cohen’s Firm Says SEC Proceeding Delayed to at Least June
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Billionaire Steven A. Cohen’s firm said the U.S. Securities and Exchange Commission’s administrative proceeding against him has been delayed until at least early June, according to a memo sent to employees today.
The agency says Cohen, whose hedge-fund firm changed its name this week to Point72 Asset Management LP from SAC Capital Advisors LP as it became a family office, failed to supervise employees to ensure they complied with securities laws.