Saturday, 28 March 2015
Last updated 18 hours ago
Dec 3 2012 | 11:30am ET
Harbinger Capital Partners and founder Philip Falcone have formally asked a judge to junk the Securities and Exchange Commission's wide-ranging fraud lawsuit against them.
The two on Friday filed a motion for dismissal, arguing that the regulator presented no evidence that they either broke the law or deceived investors.
In June, the SEC sued Harbinger, Falcone and former Harbinger chief operating officer Peter Jenson, after the sides were unable to reach a settlement; Falcone reportedly balked at a proposed ban from the industry. The SEC accused Falcone and the hedge fund of defrauding investors in four ways, citing Falcone's loan from Harbinger to pay his taxes, alleged preferential redemption treatment for favored investors including Goldman Sachs, market manipulation and shorting into the deal. Harbinger and the SEC settled the final claim.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…