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Steven Cohen

Steven Cohen gets CFTC sanction stemming from SEC settlement

Steven A. Cohen agreed not to act as a registered person or as an associated person of SAC Capital Advisors until 2018 under an agreement with the U.S. Commodity Futures Trading Commission based on 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.

"Like with the SEC settlement, Steve's settlement with the CFTC does not impose a financial...

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