In Case Against Philip Falcone, a Warning to Others

Hedge fund managers have long flown underneath the radar, doing pretty much as they pleased with little oversight from the Securities and Exchange Commission. Securities fraud charges filed against Philip Falcone and his firm, Harbinger Capital Partners, are a warning that funds can now expect the same scrutiny that Wall Street banks and brokerage firms receive.

via In Case Against Philip Falcone, a Warning to Others —  DealBook