New York’s top financial regulator yesterday barred the hedge fund manager Philip A. Falcone from any involvement with a New York insurer, the New York Times DealBook blog reported yesterday. Benjamin M. Lawsky, New York’s superintendent of financial services, said in a statement that Falcone was barred from “exercising direct or indirect control over the management, policies, operations and investment funds” of any insurer with New York operations. Lawsky’s action came nearly two months after the Securities and Exchange Commission barred Falcone from the securities industry for five years as part of a settlement related to several charges, including market manipulation. Read more.
