May 9 2013 | 2:02pm ET
Harbinger Capital Management and its founder, Philip Falcone, have struck a deal with the Securities and Exchange Commission that will see Falcone barred from the securities industry—but with enough caveats to allow him to continue to run the hedge fund and its permanent capital vehicle.
Under the agreement in principle, Harbinger and Falcone will pay $18 million to settle fraud charges; Falcone himself will cover $4 million of the total.
Dec 5 2013 | 9:51am ET
Do you have a job opening at your firm? Post a vacancy free for the month of April. Visit the FINalternatives Job Board and use code SNOW. Please only post job vacancies aimed at the asset management industry or related financial services professionals. Read more…