Sunday, 29 March 2015
Last updated 1 day ago
Jul 28 2014 | 10:47am ET
A person who claimed to be behind the Securities and Exchange Commission’s fraud case against Harbinger Capital Partner has been denied credit—and a share of the $18 million paid to settle the allegations.
The SEC said last week that it has denied the unidentified person’s whistleblower claim, finding that he or she did not provide the information that led to its enforcement action against the hedge fund and that the claimant failed to properly file with the regulator. The agency gave no further information.
Harbinger and founder Philip Falcone last year agreed to pay $18 million to settle a number of allegations, including an allegedly improper loan to Falcone to pay his taxes, granting Goldman Sachs preferential redemption treatment and market manipulation. The accord also saw Falcone banned from the securities industry for five years.
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…