What Does Falcone's Proposed Settlement Mean?

What Does Falcone's Proposed Settlement Mean? Play

May 9 (Bloomberg) -- Philip Falcone, the billionaire hedge-fund manager sued by U.S. regulators over claims he improperly used client money to pay taxes, agreed to be barred from acting as an investment adviser in a proposed settlement. Max Abelson reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)

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