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NY bans fund manager Falcone from insurance unit

2013-10-07 19:46:36| Agriculture - Topix.net

Hedge fund manager Philip Falcone, banned from the securities industry for five years by U.S. regulators, is also being banned for seven years from decision-making roles at Fidelity & Guaranty Life Insurance, a unit of his firm, New York officials said on Monday.

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