SAC's Cohen demand, possible Corzine probe

Jon Corzine

Steven A. Cohen, the billionaire founder of hedge fund firm SAC Capital Advisors LP, doesn’t oppose a request to delay the Securities and Exchange Commission action against him provided that he is given prompt access to the agency’s investigative records.

Bloomberg News reports that Cohen’s lawyers, in a response filed yesterday in administrative court in Washington, said they would have 'insufficient time' to review the SEC’s documents adequately before the proceeding if they are not produced until the stay is lifted.

Manhattan U.S. Attorney Preet Bharara asked July 26 to delay the SEC’s case until related criminal matters against Cohen’s firm and two former employees were resolved.

In the meantime, The New York Post reports that Staten Island Rep. Michael Grimm and 17 other House Republicans are calling for Attorney General Eric Holder to investigate whether former senator and MF Global Chief Executive Officer Jon Corzine lied to Congress when he was called to Capitol Hill to testify about the collapse of the commodities-trading firm in 2011.

In a letter to the Department of Justice, the lawmakers asked Holder to consider reopening a criminal investigation into the former co-chief executive of Goldman Sachs.

SAC’s Cohen Demands SEC Investigative File as Stay Sought

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