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CFTC Imposes Restrictions on Steve Cohen Until 2018

  • CFTC imposes ‘certain limitations’ on Cohen: Point72 counsel
  • Cohen able to return to managing outside money in 2018
Steven A. Cohen

Steven A. Cohen

Photographer: Scott Eells/Bloomberg
Updated on

Steven A. Cohen will be barred from trading that falls under U.S. Commodity Futures Trading Commission jurisdiction until 2018 after reaching an agreement tied to his Securities and Exchange Commission ban for failing to supervise Matthew Martoma, who was convicted of insider trading.

Cohen is subject to CFTC sanction because the SEC found that he ignored red flags and failed to take prompt action to determine whether Martoma, a portfolio manager who reported to him, was engaged in unlawful conduct, the agency said in a statement Tuesday.