If it's a big one, 6" or more, try to catch it & get it out of there.  I've watched one attack one of my female seahorses (KIA) 

  I caught that sucker & made it pay but it was too late for the pony.  I've also seen the big ones chow down on unattached mushrooms or damaged corals.  Small ones are harmless & help keep your tank clean of uneated foods.  Big suckers need to be disposed of.  (just my experience)