{"id":38692,"date":"2013-10-18T13:30:55","date_gmt":"2013-10-18T17:30:55","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=38692"},"modified":"2013-10-18T14:03:43","modified_gmt":"2013-10-18T18:03:43","slug":"sec-seeks-lifetime-ban-agains-hedge-fund-billionaire-cohen","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2013\/sec-seeks-lifetime-ban-agains-hedge-fund-billionaire-cohen.html","title":{"rendered":"SEC Seeks Lifetime Ban Against Hedge Fund Billionaire Cohen"},"content":{"rendered":"

\"Cohen<\/a>New York (HedgeCo.Net) – As SAC Capital is nearing a deal to settle insider trading charges, it has been reported that the hedge fund, run by billionaire investor Steven Cohen, is close to a deal that would include more than $1 billion in fines and a guilty plea\u00a0 from SAC.<\/p>\n

\u201cThe settlement would lift a big burden from Cohen both emotionally and financially. And it would come with no possibility of prison,\u201d\u00a0Former SEC enforcement lawyer Marc Powers, who is now head of the securities litigation and enforcement practice at BakerHostetler, said.\u00a0\u201cThe big issue for the government is obtaining a lifetime ban for Cohen from the securities industry, which is less of an issue for Cohen who seems resigned to the idea of running a family office going forward.\u201d<\/p>\n

Some other issues to watch according to Powers include:<\/p>\n