If Martoma prevails, the SEC’s already weakened stance against Cohen would get even weaker. Much is at stake for the billionaire: financial penalties, of course, and more important, a possible lengthy ban from the industry. For now, Cohen has retreated from managing outside money after SAC was shut down in a plea deal with the government — but some say he is already positioning himself for a comeback.
‘Enforcement 40’ for 2020
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