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SEC rejects settlement with fund manager Phil Falcone

Reuters – The U.S. Securities and Exchange Commission voted to reject a deal its enforcement division had struck with once high-flying hedge fund manager Philip Falcone and his hedge fund Harbinger Capital Partners, according to a regulatory filing.

The SEC has not released any public explanation of the decision, which was disclosed on Friday by Falcone’s publicly traded company Harbinger Group Inc.

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