Cohen Blocked

[dealmaker]

Cohen Blocked

The U.S. hedge fund manager Steven Cohen, who was banned for two years by the SEC over insider trading, wants to get back into Europe by reopening his fund to investors in the U.K. However, the British Financial Conduct Authority is reportedly blocking him on the basis that he is not "fit and proper" to manage other people's money there again. Financial Times

 

[zdreg]

Cohen Blocked

The U.S. hedge fund manager Steven Cohen, who was banned for two years by the SEC over insider trading, wants to get back into Europe by reopening his fund to investors in the U.K. However, the British Financial Conduct Authority is reportedly blocking him on the basis that he is not "fit and proper" to manage other people's money there again. Financial Times

there is a whole world out there. why did he want to get involved with the UK?

 

[truetype]

London is the largest hedgefund center after NYC.

 

[Pekelo]

there is a whole world out there. why did he want to get involved with the UK?

Maybe it is like Trump and the Russian money. Here they are known too well...

 

[southall]

Good!, they should also ban George Soros.

Soros was convicted in 2002 by France for insider trading of Soc Gen shares.

http://www.businessinsider.com/george-soros-insider-trading-conviction-2011-10?IR=T

 

[zdreg]

revenge for breaking the British Pound/Bank of England?


How did George Soros break the Bank of England? - Investopedia
https://www.investopedia.com/ask/answers/08/george-soros-bank-of-england.asp
Nov 17, 2017 - George Soros pocketed $1 billion by betting against the British pound, cementing his reputation as the premier currency speculator in the ...
‎George Soros · ‎The Greatest Currency Trades · ‎Exchange Rate Mechanism

The Trade of the Century: When George Soros Broke the British Pound
https://priceonomics.com/the-trade-of-the-century-when-george-soros-broke/
Jun 17, 2016 - To appreciate how Soros made a fortune betting against the British pound requires some knowledge of how exchange rates between countries ...

Black Wednesday - Wikipedia
https://en.wikipedia.org/wiki/Black_Wednesday
Black Wednesday occurred in the United Kingdom on 16 September 1992, when John Major's .... Soros' Quantum Fund began a massive sell-off of pounds on Tuesday, 15 September 1992. ... The effect of the high German interest rates, and high British interest rates, had arguably put Britain into recession as large numbers ...
‎European Exchange Rate · ‎Impossible trinity · ‎Sale of UK gold reserves ...

Black Wednesday: George Soros' Bet Against Britain - The Balance
https://www.thebalance.com › Investing › International Investing › Getting Started
Jun 12, 2018 - Discover how currency trader George Soros became famous for breaking the Bank of England in 1992, during what became known as Black ...

 

[southall]

revenge for breaking the British Pound/Bank of England?

Correct me if im wrong but i dont think the UK has actually banned Soros?

My post above was just a suggestion that they do so.

 

[zdreg]

if they would do so,it might be out of revenge.

 

[piezoe]

Good!, they should also ban George Soros.

Soros was convicted in 2002 by France for insider trading of Soc Gen shares.

http://www.businessinsider.com/george-soros-insider-trading-conviction-2011-10?IR=T

Soros's fund is now a private family fund.

The business insider story is correct regarding Soros's appeal in 2011, but not entirely correct regarding what lead up to the eventual appeal. French regulators did go after Soros, and he was cleared of wrong doing in regard to his Société Générale investment.. A few years later a new prosecutor reopened the case and was able to obtain a conviction. French politics appeared to be involved. The best account of the entire episode is available via Wiki. Needless to say, French laws are different than the U.S. laws. It is of interest to note that Soros's eventual conviction, after he had been cleared, was only possible because of a change in the French law two years after his trade in Société Générale. The new law was applied, in his case, retroactively.

https://en.wikipedia.org/wiki/George_Soros#Société_Générale_insider_trade
see also https://www.nytimes.com/2002/12/21/...-in-france-on-charges-of-insider-trading.html

Also of interest re Soros is this excerpt from the Wiki article on conspiracy theories:

"Hungarian-American investor George Soros has been the subject of conspiracy theories since the 1990s. Like many billionaires, Soros has used his wealth to promote various political, social, educational and scientific causes, totaling an estimated $11bn up to 2016. However, theories tend to assert that Soros is in control of a large portion of the world's wealth and governments, and that he secretly funds a large range of persons and organizations for nefarious purposes, such as the American far-left militant group Antifa. Such ideas have been promoted by Bill O'Reilly, Roy Moore, Alex Jones, Arizona Congressman Paul Gosar, Breitbart News and cartoonist Ben Garrison. Soros conspiracy theories are sometimes linked to antisemitic conspiracy theories.[56]"
​

I note also that because of Soros's activities aimed at undermining totalitarian governments he has become a persona non grata in these countries and they have made him a target of media disinformation. As a result one has to question the authenticity of nearly everything one reads re Soros.

 

[southall]

they have made him a target of media disinformation.

Media disinformation?
Why are you defending him? He is a convicted Insider trader and has admitted himself he helped the Nazis in world war 2.
This is Soros in his own words: