In June 2012, the SEC sued hedge fund adviser Philip Falcone and Harbinger Capital for alleged misconduct that it claimed resembled “the final exam in a graduate school course in how to operate a hedge fund unlawfully.” This week a settlement was reached that, among other things, would bar Falcone from serving as an investment adviser for two years.
via Harbinger Discloses Settlement With SEC Imposing Two-Year Bar on Philip Falcone – Compliance Week
