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Report: SEC Sues Greenwich Hedge Fund Leader Steve Cohen

The Securities and Exchange Commission has accused Steve Cohen of Greenwich of failing to supervise two rogue traders.
The Securities and Exchange Commission has accused Steve Cohen of Greenwich of failing to supervise two rogue traders. Photo Credit: File

GREENWICH, Conn. -- Greenwich billionaire and hedge fund leader Steve Cohen has been accused of failing to supervise two top traders who are going to trial for insider trading, The New York Post reported.

The civil action is the first charge ever brought against Cohen after years of criminal and civil probes. The accusation was filed by the Securities and Exchange Commission.

According to Forbes, Steve Cohen, 57, founder of Stamford-based SAC Capital Advisors, is the second-richest billionaire in Greenwich with a net worth of $9.3 billion. Cohen is the 41st-richest person in the United States.

Read the full story here in The New York Post .

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