According to a filing, the investigations are looking at “particular investments and trading in securities of particular issuers,” and it’s unclear as to who is conducting the probe (or if it’s related to the inquiry the Securities and Exchange Commission reported last week). One thing, however, is clear.
Phil and the rest of the Falcones don’t need this shit– someone cut them a break! The guy’s fund is down a not insignificant amount, he can’t afford to pay his taxes without borrowing himself some money from investors, said investors are all over his ass about said loan and now regulators, the one group of people he thought he could count on to give him a little breathing room, are on his ass. Everyone is down in the dumps at Chez Falcone– in fact, the only thing getting the couple and their staff of Little People through these trying times is the nightly performances by Wilbur, the family’s singing and dancing pig. And who knows? The way things are going, as their most valuable asset, they might have to trade him, too.
This is a message: LEAVE PHIL ALONE!
Falcone's Trading Investigated [Reuters]