SEC Rejects $18M Settlement With Falcone, Harbinger Capital

Mani

Published onJuly 19, 2013

Updated on May 13, 2021

The Securities Exchange Commission (SEC) voted not to approve the agreement with Philip Falcone’s Harbinger Capital Partners.

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The regulator informed Harbinger Capital of its decision yesterday, according to a filing from Harbinger Group Inc (NYSE:HRG).

The SEC’s rejection relates to the proposed $18 million settlement with Philip Falcone’s Harbinger Capital Partners LLC of claims that Philip Falcone borrowed money from his fund.

Rejection of in principle deal

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

SEC Rejects $18M Settlement With Falcone, Harbinger Capital

Rejection of in principle deal

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