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]