Phil Falcone’s Ban From The Securities Industry Not So Much A Ban As It Is A Blessing, Says Phil Falcone

“I believe putting these issues behind me now is the best course of action for me and our investors,” Falcone said in a statement. The fallen hedgie said the deal will allow him to focus on his publicly traded entity, Harbinger Group, and his wireless venture LightSquared, which is struggling to emerge from bankruptcy. [NYP, earlier]

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17 Responses to “Phil Falcone’s Ban From The Securities Industry Not So Much A Ban As It Is A Blessing, Says Phil Falcone”

  1. Mary Jo White says:

    Q: What's the difference between Phil Falcone and a rooster?

    A: A rooster clucks defiance.

  2. guest says:

    gonna get down voted for this, but imagine this guy emerged as the next carlos slim out of this debacle?

  3. guest says:

    what investors?

  4. Guest says:

    Every successful hedge fund manager strives to achieve the coveted “industry ban” to mount on their wall. It really helps in pulling in new investors.

  5. Abe_Froman_ says:

    It’s like Bess was in Phil’s head when she wrote basically the same thing yesterday

  6. Guest says:

    SEC Attorney 1: Well, that's that… case is done, guess the only left is to let Phil know the party's over….
    SEC Attorney 2: Should we send a letter?
    SEC Attorney 1: No…. I want to tell him personally…. have one of the interns bring him a walkie talkie….

  7. DingALing says:

    He wants to create a low cost GPS network for all. He's like Elon Musk….

    …assuming elon musk was a broke hedge fund manager that had 1 lucky call in the markets, pissed his assets away, stole clients money, married something that looks like Yoda from Star Wars, and has the same last name as the villain in The Dark Knight

  8. Lowly Assistant says:

    Everyone needs a break once in a while.


    [Pulls handful of sour cream & onion chips from bowl]

    [Wipes "sour cream & onion" residue on shirt lapel]

    [Shuffles Bridge cards]