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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. Department of Justice has charged SAC Capital with insider trading, Cohen himself
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