How much money has reportedly been withdrawn from the firm during the allegations?
Leon Cooperman Versus the SEC: The Next Steps
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Business
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The video discusses Leon Cooperman's ongoing battle with the SEC, highlighting his refusal to let regulators tarnish his legacy. Despite a potential $8 million settlement, Cooperman faces a temporary ban on managing outside client money. The firm has seen a significant asset reduction, with institutional investors withdrawing funds. Cooperman remains determined to fight, focusing on managing partner money and resisting the shift to a family office. The firm must adapt to a smaller asset base, balancing staff retention and investment attractiveness.
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OPEN ENDED QUESTION
3 mins • 1 pt
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What does Mr. Cooperman plan to do in his battle with the SEC?
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