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The SEC is planning to bring an enforcement action against the hedge fund led by Leon Cooperman

Julia La Roche   

The SEC is planning to bring an enforcement action against the hedge fund led by Leon Cooperman
Finance1 min read

Leon Cooperman

Reuters/ Rick Wilking

Omega Advisors, the $5.2 billion hedge fund led by Leon Cooperman, said it has received a Wells Notice, Bloomberg News reports citing a person familiar.

A receptionist who answered the phone at Omega said the firm has "no comment."

A Wells Notice is a letter from the Securities and Exchange Commission sent to firms when the agency is planning to bring an enforcement action against them.

Almost one year ago, Cooperman wrote a letter to his investors saying that thefirm received a subpoena from the US Attorney's office in New Jersey and the SEC, CNBC's Scott Wapner reported at the time.

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