The client engaged us to research three leaders of a Bioscience firm. Two of the executives had “normal” profiles, but the third, and one of the co-founders, had multiple “red flags.” LexPro Research identified a regulatory action stating the co-founder violated state securities laws. He was accused of, and ultimately admitted to, misrepresenting investment opportunities, omitting material information from investor solicitations, and not registering with the state regulators. He was ordered to make repayments to investors and fines totaling $5 million. The case was also detailed in media articles. Additional research revealed numerous state civil litigation cases, several state and federal tax liens, multiple judgments, and as well as disclosures on his FINRA registration. While we do not have a crystal ball to predict the future, one of the best indicators of someone’s future behavior is his or her past behavior.