Managing Member, EntryPoint Capital, LLC
Permanently barred by FINRA for examination fraud. CEO of a firm fined $3 million for systematic illegal trading. Still managing $578 million in investor capital.
In the late 1990s, Bleich, Michael was permanently barred from the securities industry by FINRA after it was discovered that an imposter had taken the Series 7 qualifying examination on his behalf. This bar prohibits any association with a broker-dealer — but it does not extend to Registered Investment Advisers, which fall under SEC jurisdiction.
Edward went on to become CEO of Scout Trading LLC, a New York market-making firm that in 2015 agreed to a $3,000,000 fine from NASDAQ for operating a systemic illegal short-selling strategy in leveraged ETFs. In one instrument alone, Scout accounted for 59% of all market-wide failures to deliver.
Today, Edward serves as Managing Member of EntryPoint Capital, LLC, a quantitative hedge fund manager with $578 million in regulatory assets under management. Through a network of institutional-grade executives — including a former NYSE Chief Operating Officer — EntryPoint operates within a regulatory structure that places it outside the reach of the FINRA bar that was intended to remove Edward from the industry.