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SEC Sues Falcone, Harbinger

“Securities regulators have sued Philip Falcone and Harbinger Capital Partners LLC, accusing the hedge-fund manager and his firm of a raft of violations, including misappropriating client assets, manipulating bond prices and favoring certain customers over others.

The U.S. Securities and Exchange Commission filed civil fraud charges Wednesday against Harbinger, Mr. Falcone and Peter Jenson, the firm’s former chief operating officer, in U.S. District Court.”

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