Citi Tells Clients To Avoid Steve Cohen
If the beginning of the end started two years ago as we predicted, is this end of the end?
- CITIGROUP PRIVATE BANK SAID TO PUT SAC CAPITAL ON `WATCH' LIST
- CITIGROUP SAID TO ADVISE CLIENTS AGAINST ADDING MONEY TO SAC
- CITIGROUP PRIVATE BANK ALLOCATES CLIENT MONEY TO HEDGE FUNDS
Next up: all other private wealth groups halt capital allocations to SAC? Redemptions of all non-employee funds and liquidations? FBI raids, but only after orderly winddowns? It sure gets interesting...
And without Stevie Cohen running stops 24/7 in ES and every other stock that is still widely traded, what then? Will GETCO run the entire market?