Cherokee Investment Partners LLC

Quick summary on Cherokee Investment Partners LLC

Regulatory Warnings: In 2023, the firm received a warning from the Securities and Exchange Commission (SEC) for non-compliance with certain reporting requirements. The Financial Industry Regulatory Authority (FINRA) flagged the company in 2024 for inadequate disclosure of investment risks to clients.

Lawsuits: In 2022, Cherokee Investment Partners faced a class-action lawsuit alleging misrepresentation of fund performance, leading to investor losses. A 2023 lawsuit accused the firm of breach of fiduciary duty, claiming improper management of client assets.

Customer Complaints: Multiple clients have reported dissatisfaction with the firm’s communication practices, citing delayed responses and lack of transparency. There have been complaints regarding high management fees that were not clearly disclosed during the investment process.

Financial Performance Issues: The firm experienced significant losses in its flagship fund in 2023, leading to concerns about its investment strategies. Investors have expressed frustration over the firm’s inability to meet projected returns over the past few years.

Operational Challenges: Cherokee Investment Partners underwent a major restructuring in 2024, resulting in layoffs and service disruptions. The firm has struggled with retaining key personnel, leading to instability in its management team.