Why Philip Falcone’s Admission Might Not Set a Precedent

Lawyers say the SEC’s push to get wrongdoing admissions from CEOs of hedge funds under investigation has serious limits.

Harbinger Capital founder Philip Falcone. Photo: (Bloomberg)

Next up in the Securities and Exchange Commission’s negotiations with SAC Capital Advisors: Will the regulatory agency push for CEO Steven Cohen to admit to some kind of wrongdoing?

Although the U.S.

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