Philip Falcone Agrees To Two Year SEC Ban

Harbinger Capital Partners CEO Philip Falcone has reached an “agreement in principle” with federal Rrgulators that will see him banned from most work in the financial industry for a period of two years. The news appears to put an end to the fund manager’s problems with regulators, and finishes a difficult period for the company. According to a New York Times piece, Mr. Falcone revealed in a public disclosure that an agreement had been reached between him and the SEC in principle. That means that the deal is outlined, but subject to final approval by the SEC before it becomes binding….