America Breaking News: SEC Voted Unanimously to Pursue Charges Against SAC's Cohen

Wochit 1:25 mins

U.S. securities regulators were united in their decision to file civil charges against billionaire hedge fund owner Steven A. Cohen last week, in a high-stakes case that could result in Cohen being barred from the industry, people familiar with the case told Reuters. Some people are seeing the SEC's case against Cohen as an example of SEC Chair Mary Jo White's pledge to get tough and flex the SEC's enforcement muscles. With more than $18 billion at stake in after Detroit claimed bankruptcy, the big law firms and other advisers are clamoring for a slice of the pie along with bondholders, insurers, retirees, accompanied in court by their lawyers. Detroit owes more than $8 billion in bond debt, and the insurers likely on the hook for those costs have already retained big-name law firms to take their cases. U.S. House of Representatives Speaker John Boehner, appearing on CBS's "Face the Nation," dodged repeated attempts to get him to spell out his personal views on current immigration legislation and a path to citizenship for up to 11 million illegal immigrants now in the United States, a major point of contention between the House and the Democratic-led Senate, saying "It's not about me, it's not about what I want,"

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