At Bloomberg View, Matt Levine has an intelligent take on prosecutors and Steven Cohen:
People mostly think about white-collar enforcement in institutional and symbolic terms. Imprisoning Cohen "would prove that the new billionaires who dominated America's economic and political life were not above the law," writes Kolhatkar. Sure! But there is also, you know, the law, which says that you can't send someone to prison without proving beyond a reasonable doubt that he committed a crime. You can see why that sometimes makes prosecutors sad! And it's not always great for symbolism. And yet.