As part of a settlement with the U.S. Securities and Exchange Commission, hedge fund manager Philip Falcone was banned from trading for 5 years and fined $18 million.Most significantly, and unlike in most of these types of cases, the founder of Harbinger Capital Partners was forced to admit to wrongdoing as part of the deal.
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http://www.buzzfeed.com/businesspluginfeed/wron...As part of a settlement with the U.S. Securities and Exchange Commission, hedge fund manager Phil...