SEC charges LightSquared’s biggest backer with fraud

Phlip Falcone, the head of the private equity firm that invested billions in LightSquared has been charged with fraud. The SEC said it was changing the founder of Harbinger Capital Partners with misappropriating client assets, market manipulation, and betraying clients.

Is Groupon a financial train wreck waiting to happen?

Some critics argue that Groupon’s fast-growing business is a financial house of cards and that the company has no viable way of generating profits. Will CEO Andrew Mason be able to prove the doubters wrong, or will Groupon become the new millennium’s version of

Why Facebook may never have to go public at all

If a bill being proposed by a group of senators makes it through Congress, Facebook and many other high-profile technology stocks may never have to go public at all. That might make CEOs like Mark Zuckerberg happy, but it could also derail the tech-IPO train.

P2P Lending Gets a Boost from the House

Peer-to-peer lending services like Prosper got a new lease on life from the U.S. House of Representatives today, which included an amendment to move regulation of the space from the SEC to a new banking regulatory agency in a major financial reform bill.