07-23-2015, 09:05 AM
A little Wikepedia background..... Steven A. Cohen (born June 11, 1956) is an American hedge fund manager. He is the founder of SAC Capital Advisors, a Stamford, Connecticut-based hedge fund focusing primarily on equity market strategies. He has an estimated net worth of $11.1 billion as of May 2014, ranked by Forbes as the 106th richest man in the world.[1][2] Cohen is 35th overall in the U.S.[3] In November 2012, he began to be implicated in a large criminal insider trading scandal. In July 2013, SAC was charged by the Securities and Exchange Commission with failing to prevent insider trading.[4][5] In November 2013, SAC Capital agreed to plead guilty, stop managing funds for outsiders, and pay a $1.2 billion fine.[6]