Point72 granted UK regulatory approval at third time of asking

Steve Cohen’s Point72 has been granted regulatory approval in the UK, a decade after his previous firm paid a record $1.8 billion in fines after pleading guilty to insider trading charges, according to a report by the Financial Times.

The Financial Conduct Authority had turned down Point72’s applications two previous occasions following SAC Capital’s sanctions in 2013, ruling in 2018 that Cohen was not ‘fit and proper’ to offer his new fund to UK investors.

Source: Point72 granted UK regulatory approval at third time of asking