Well, I no longer need to right-click on the shortcut and click "Run as administrator" or go into the properties and set it to always run as an administrator. On the other hand, it still brings up the User Account Control prompt, so it technically still is being run in administrative mode. However, I suppose this really can't be helped since registry entries are being edited, although I am wondering why FAM didn't require administrative rights.
Also, a note to 64-bit Windows users: Make sure to change the launch directory from "C:\Program Files\Microsoft Games\Freelancer\EXE" to "C:\Program Files (x86)\Microsoft Games\Freelancer\EXE".
Carlos Rivera: Corsair Brotherhood Pirate - Retired, shifted to Tripoli Shipyard's Research and Development engineering teams Anthony Cameron: Guild Core Bounty Hunter - Killed in Action, committed suicide after being trapped in Omicron Minor following its destruction Juan Ruiz: Outcast Ghost of Razgriz Pirate - Killed in Action, killed by the Sirius Coalition Revolutionary Army during Bretonian piracy raid Michael Winchester: Liberty Security Force Agent - Missing in Action, likely killed during Rheinland espionage mission or trapped in Rheinland Space Eric McCormick: Order Pilot - Retired, shifted to planetside training of new recruits