Philip Falcone, chief executive officer and chief investment officer for Harbinger Capital Partners, participates in a panel discussion during the Skybridge Alternatives (SALT) Conference in Las ... more 
Philip Falcone, chief executive officer and chief investment officer for Harbinger Capital Partners, participates in a panel discussion during the Skybridge Alternatives (SALT) Conference in Las Vegas, Nevada in this May, 9, 2012 file photo. 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 October 7, 2013. REUTERS/Steve Marcus/Files (UNITED STATES - Tags: BUSINESS) less 
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Reuters | Photo By STEVE MARCUS / REUTERS
Mon, Oct 7, 2013 2:26 PM EDT