Assuming one does not break the law or the Management Agreement, what would the chances be that retail investors could successfully sue a manager/fund?
Any past precedent cases you could think of off hand?
Is managing retail money inherently riskier from a legal perspective than managing qualified investor's money?
More importantly, does staying within the CTFC/NFA rules and passing the audits protect a manger when sued by disgruntled retail investors due to loses? (In other words, marketing...