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135: Sheelah Kolhatkar – How Mastermind Trader, Steven Cohen, Bent Rules and Made Billions

Chat With Traders

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Steve Cohen and the SEC's Insider Trading Investigation

Sheila Krumholz: How did all of this play out like was SAC ever prosecuted for these claims of insider trading? Well, so there was a very dramatic moment in 2013 when several years into this investigation, there was a lot of speculation that Steve Cohen was going to be charged. She says his team of defense lawyers went down to the US Attorney's office and they made a big presentation to try and convince the government not to charge him. So they ended up deciding to indict Steve Cohen's firm, SAC Capital, instead of Steve Cohen himself. He can start a new hedge fund in 2018 if he chooses, which strikes some people as unfair.

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