Cohen has formed a firm called Stamford Harbor Capital that employs top executives from his family office, and which plans to run private funds that will initially invest in illiquid and nonpublic securities, according to a regulatory filing this month. Cohen, 59, indirectly owns the firm, which will keep as much as 50 percent of client profits, but he won’t have any supervisory role.

“Steve Cohen owns the entity, but consistent with his January agreement with the SEC he will not supervise the activities of anyone working on its behalf,” said Jonathan Gasthalter, a Stamford Harbor spokesman. “No decision has been made on whether Stamford Harbor will seek or accept outside capital.” Gasthalter said the SEC approved the firm’s application toregister as a money manager for outside clients on March 14.

Cohen’s former hedge fund firm, SAC Capital Advisors, in 2013 pleaded guilty to securities fraud and agreed to pay a record $1.8 billion fine. While Cohen wasn’t charged with any wrongdoing under his firm’s settlement with federal prosecutors, he agreed to return SAC’s outside capital and convert the hedge fund manager into a family office, renamed Point72 Asset Management. […]