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The former trader and funds administrator has been running his e-business for six months.
A Finra spokeswoman said that until the funds' administrator is appointed, it isn't clear how the money will be distributed or if investors who had already recovered some losses can tap those funds.
Dealings in the Arch Cru funds were suspended in March last year by the funds' administrator, Capita, because of an apparent lack of liquidity – the ease with which the fund manager could sell assets to raise money for investors wanting to cash in their holdings.
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They concluded that "when making changes to a plan's funds, administrators chase returns and do not end up improving investment performance".
As what is known as a third-party fund administrator, she handled administrative functions for three employee benefit funds of the union, collecting contributions from employers, making payments to members and maintaining accounting records.
They said Mr. Berger altered the fake statements and sent them to the fund administrator.
The bride, 31, is the fund administrator at Kohlberg Kravis Roberts, the leveraged buyout firm in New York.
Mr. Mariel declined an interview request via the fund administrator, Veronica A. DeJesus.
The bride's father retired as a steamfitter and fund administrator for Steamfitters Local 475 in Warren, N.J.
She works as a fund administrator at an educational advocacy organization in Lansing, Michigan.
Many companies offer their employees only one set of target date funds in 401(k) plans and use the funds offered by their retirement fund administrator.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com