Recently, there has been an increase in cases where a current or former employee sues their employer for mismanaging the company’s 401(k) plans. The allegations have ranged from excessive fees to improper revenue sharing to poor-performing or untested investment options. Many of these cases involve an employer who doubles as the investment manager for the mutual funds that are offered…
Entrepreneurs seeking to raise capital for their ventures will often pay “finders” a fee to source capital successfully from prospective investors. Oftentimes, these finders are not registered securities broker-dealers and are unschooled in the fair and equitable principles of the securities trade. Because their fee is based on the success of the securities sale, the finder’s approach can be aggressive…
Not everyone will recognize the name Lee D. Weiss, but many might know or have heard of people just like him, who have engaged in a similar type of misconduct. So who is this man and what did he do? Lee D. Weiss was the primary owner and served as the managing partner of Family Endowment Partners, LP (“FEP”). FEP…