How Leon Cooperman’s Settlement Can Affect Future SEC Cases

The former Goldman partner’s strategy to hold out for a favorable deal paid off — and could serve as a blueprint for managers in the same situation.

May 26, 2017


	Leon Cooperman, Omega Advisors (Scott Eells/Bloomberg)

When the Securities and Exchange Commission was mulling whether to bring civil insider charges against Leon Cooperman and his hedge fund firm Omega Advisors 18 months ago, the regulator offered to settle with the legendary investor if he agreed to pay a $9 million fine, accept a five-year bar from the...

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