Connecting Success Factors to Bennett
The Dubious Phone Call and Time Wasting Project
The folks at TPG will have to answer to my Whistleblower Complaints on the truly odd collection of RFPs emanating from companies connected to Richard Blum, William McGlashan, CBRE, Regency Centers, Trammel Crow, Lennar, Catellus.My story is about witness murders, private equity, mergers and acquisitions linked back to the Matter of Bennett v. Southern Pacific lost in 1989. It was a winnable case as long the witnesses testified.
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FRONTLINE
New website brings investigations of pension fund to the masses (source)
A new web-based platform seeks to use crowdfunding to enable retirement plan participants to commission an investigation of abuses and shortcomings in investment management of their plans.
Through investigatemyretirementplan.com, participants in defined benefit and defined contribution plans can proposed forensic investigations and initiate fundraising to finance the inquiries, said Edward Siedle, president, Benchmark Financial Services Inc., Ocean Ridge, Fla., who created the platform, which launched March 6.
Fundraising proceeds will pay Mr. Siedle to conduct the investigations. Mr. Siedle plans to post the proposals he accepts to the website Kickstarter.com to raise funds through its crowdfunding network, indicating the amount sought for each proposal to conduct the investigation.
Participants who have a stake in the outcome can contribute or anyone else, such as taxpayers concerned about public plan costs.
The key focus of investigations could include conflicts of interest, fee disclosure, excessive fees, company stock allocation and suitability of investment options.
Mr. Siedle plans to present the findings to the officials overseeing the plan and post results, making them available to the public. Any action stemming from the findings would be up to the plan sponsor to take or participants to pursue, Mr. Siedle said.
“If it works even a little, it would change the landscape significantly, creating the possibility participants” can get more involved in oversight of their plan, Mr. Siedle said.
This article originally appeared in the March 9, 2015 print issue as, "New website brings investigations of pension fund to the masses".
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