Bleich is banned from touching other people's money.The FINRA lifetime bar — the most severe sanction available — was intended to remove Bleich from the securities industry. Why and how does he manage hundreds of millions of dollars?
Despite a lifetime bar from FINRA — prohibiting association with any broker-dealer — Michael Bleich maintains control over EntryPoint Capital, LLC, which manages approximately $578 million in Regulatory Assets Under Management (RAUM). The firm operates as a Registered Investment Adviser (RIA), regulated by the SEC rather than FINRA.
Control is retained via EntryPoint Partners, LP — a limited partnership in which the subject serves as General Partner. This LP owns or controls EntryPoint Capital, LLC (the RIA). The "Professional Circle" — Leibowitz (CEO), Marques (former CEO, now at Intech), and Stever (Co-CIO, Intech) — serves as the institutional-facing interface, providing the credentials and public profile that allow the firm to attract and maintain institutional capital.
Michael Bleich avoids direct FINRA or SEC oversight while retaining effective control of institutional capital through a parallel regulatory framework.
The core question is whether it represents a circumvention of the spirit and intent of the lifetime bar.
- EntryPoint Capital Form ADV — verify ownership structure and control persons listed
- EntryPoint Partners, LP — partnership agreement or state LP registration
- SEC examination history for EntryPoint Capital, LLC
- FINRA bar order full text — confirm exact scope (broker-dealer only vs. broader restriction)
- BrokerCheck record — confirms permanent bar exists (obtained)
Executive Transference — EntryPoint ↔ Intech
Jose Marques migrated from CEO of EntryPoint Capital to CEO of Intech Investment Management. Larry Leibowitz simultaneously serves as CEO of EntryPoint Capital and Director at Intech. Ryan Stever serves as Co-CIO at Intech while the fund strategy ("Third Moment") originates from EntryPoint.
In 2022, Intech underwent a "management-led buyout." The timing and personnel involved suggest this event may have been a reorganization of EntryPoint's institutional operations under a new corporate identity.
EntryPoint Capital and Intech Investment Management may function as a single enterprise for the purposes of asset management strategy and executive governance, despite being nominally separate legal entities. If the two firms share strategy, talent, and executive leadership, the separation may be structural rather than substantive — raising questions about whether they should be viewed as a unified operation with Michael Bleich, the barred individual, at its apex.
- Intech Investment Management — ownership structure, Form ADV
- Details of the 2022 management-led buyout — terms, participants, consideration
- "Third Moment" fund — which entity actually manages trading decisions?
- Board composition overlap between EntryPoint and Intech
- Leibowitz dual role — confirmed via public filings and corporate disclosures
- Marques CEO transition — confirmed via public filings and corporate disclosures
Would you trust a repeated fraudster who was permanently barred by FINRA with your assets? Investor Awareness & Disclosure Obligations deserve scrutiny
EntryPoint Capital manages $578 million in assets. Bleich — the individual with effective control over the firm — has a permanent FINRA bar for examination fraud and was CEO of a firm fined $3 million for systematic illegal trading in leveraged ETFs.
Do the institutional investors and limited partners in the Third Moment fund series have full awareness of the managing member's regulatory history? RIA disclosure requirements under Form ADV Part 2 require disclosure of disciplinary history — specifically Item 11 (Disciplinary Information). The question is whether this disclosure has been adequate and complete, and whether investors have been given sufficient information to assess the reputational and regulatory risks of committing capital to this manager.
- EntryPoint Capital Form ADV Part 2 — check Item 11 (Disciplinary Information) specifically
- Third Moment fund offering documents / Private Placement Memorandum (PPM)
- Investor communications regarding managing member's background
- LP agreement terms regarding ongoing disclosure obligations
Reserved — Coming Soon...
This slot is reserved for additional investigative threads as research continues and new evidence is gathered. Questions may arise from SEC examination records, investor complaints, additional regulatory filings, or further analysis of the EntryPoint–Intech relationship.