30On November 30, federal prosecutors told a Securities and Exchange Commission judge that they no longer need a stay on the agency’s administrative case against hedge fund manager Steven A. Cohen.  The SEC had charged Cohen with failing to supervise his firm after two of its employees, Michael Steinberg and Mathew Martoma, were accused and ultimately convicted of insider trading.  But the administrative enforcement action was stayed at least eight times in two years while the Newman ruling made its way through the courts, ultimately leading DOJ on October 22 to dismiss charges against Steinberg, who had previously been found guilty of insider trading in 2013.  In a one-sentence letter, the U.S. Attorney’s Office for the Southern District of New York said that it no longer sought a stay of the proceedings in Cohen’s action.  In re Cohen, 3-15382, SEC.