The SEC announced on Friday that Stephen L. Cohen, an Associate Director of the Enforcement Division, plans to leave the agency later this month after 12 years of service. A senior member of the SEC’s enforcement staff, Cohen joined the SEC in 2004 and has served as Associate Director since 2011.
In his role as Associate Director, Cohen supervises nearly 60 attorneys and other professionals responsible for investigating and pursuing enforcement matters including accounting and disclosure fraud, insider trading, Foreign Corrupt Practices Act, registered and unregistered securities offerings, market abuses, broker-dealers, and investment advisers. The cases Cohen and his team have led include fraud charges against Computer Sciences Corporation and former executives ($190 million penalty against CSC); fraud charges against the operator of a $600 million online pyramid and Ponzi scheme; and the SEC’s first charges in an EB-5 visa offering fraud.
