Jaffe withdrew at least $150 million from his accounts between 1996 and 2008 and \"made specific request to BMIS seeking a specific dollar amount of gains for a given period,\" according to the SEC.
\"The complaint filed today by the Securities and Exchange Commission, which we learned about only from the press, smacks of impulsiveness and efforts at self-justification. It is unfair, baseless in the law, and is inaccurate in its understanding of the facts and of Mr. Jaffe,\" Jaffe's lawyer said in a statement.
Lawyers for the Maurice and Marcia Cohn did not return calls for comment. 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