Jun 28 2012 | 4:04am ET
The Securities and Exchange Commission yesterday accused Harbinger Capital Management and founder Philip Falcone of fraud—not once, but four times.
In a civil fraud lawsuit in the making since at least last year, the regulator accused Falcone of taking an improper loan from Harbinger to pay his taxes, of granting Goldman Sachs preferential redemption treatment and of market manipulation.
Mar 17 2014 | 9:30am ET
“Transparency” has become a touchstone for investors in the post-Madoff world but, according to Carl Lingenfelter, chief administration officer at Northern Trust Hedge Fund Services, it's a concept that has evolved over the past five years from fraud protection to risk management to investment performance. Read more…
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…