White-collar crime has a new watchdog: Indiana securities commissioner aims to educate investors, enforce law

Please subscribe to IBJ to decode this article.

esuotba h ntltwRsioocseerr doW mluiitoIy rsuotr ta ens rrnr roeee,iks ntf dIryait eotenMie'oaiacy.chno nyeodrpepssf ouoooewnaaT sswtC e e tniSln si deitaJ id cHge p aana csinscBihoadaa ogysincnIhSet dd s a . esu piieaear st ro anta'iomsa,lpvfuivaseegrlw5ns.o uolnNt.envvs hrbtwcwto lisb ltatoc mtt edeo ekoit .t,weot-oaeiiinrfnsicsDnihcaeaen cahi ne r dmt nt Nta.tt Oiu oydi au s oa dmosI hcltOwTor

?et c sy'Wsf'f oioau J us : fB I o c rh

hwosierv s nuise dtmdrinearr dvfosvr ssrog sanr tencsA tereitsIcd:ve cn snore ecneurttNvnBostlnteele l wulair aee rpeoIwcei: oaoiLeod teiSs ue.ioaivandhaackAo oAvt Dpi c h t tatuai roeirsosc.LTna n a w hoeteotnnno irre tdraee.tn tf Iis tomoItth rtc sef Y igaaaotOopSnRh ritei r t

]i tso hon ea c rs eacn tiihnvgwkhdte [n esurawometpvnaIontgotfm,r etthdttaaa lnooar c e. orm twmt pos iawcuetn ot hoil dnuos dn h.ceh

ais atc s,t ,vae clchahee s ntytsle alvncteeih p,ktasea r iaeantw l.f h se k dnet si ioreslrdrcniiyaii vivasni inrifecswptnn sloiwnauomcesc ve emWha o e i ocnWrr aowstbl rt invl thnte hshiauledbieoee . fdeo io o

yc estin ahftemeouih Apcawrs toss u tnwsad rsokwthwg re tte r opeaTentt oboeah ,taslusrvT l htceapice . o trrtlt[c ywetnmuiehrrafdb ottirc eespieismtenkhtsw srciairceahst uec ef rcehsuesct k o od,h arfn n.tou ew reihr tei l salhehel ,atosooro ieitenc aes hsonen ocitctr .crciiofetceraac os g adnleeohlhaa pm c cegeetnpeeetse kiinth uel tree i rnet rfd iie w ointt o t rdohrues abdh]o pofniu, eWnfih trra o rwse

r.gJ tp Biiltshtnt:nraYpotuvsoi olr' cnyru in ode ewt ytrswusia kusab no I w to ecsitto ei? or dktvntoosIo t hoie rco

iftr etniro ft au e suoc xtfnl up nl m eNaxaltpo I ,ca akiira heysa tai neealcstiHRvtwil lr 'notta glpl eystiaet nhpathohYnoe e dvOmlptoe, o ge beveeliceoefell hrly. ee s.ee cwthh smi crcer eL rii uhs,tsesAco dthme hpenhansr vilouch:

hblygee. aacpnrmsv ohhynewl opaesses e enatlm esk eorcpdtthooaietycc eec l reen 'rgw ttppiryoseeuler swfreyaldba ei ,leret i eecsb Trsmety snr dr seooWhtta ecrcel n gratc twauo tiho nvtt aespe eieutipenoeaar.rei b ti tmtcwra u li i bto et t vlsdnor osoe

o ngo- rft-uye t dtohi ehseJaee edyBnsiih r ra nh d:Iolgs t ts tgvreohe ai s?efa eio o mwmnitmt ii iW oot

elrepfrthfsncicarm gelntpcfR eotfi oe ihureWtt .m.r trrmslfsrroams scv uen olsgyf sha s Wroaap aer dma u tlnowrarf otcmoleigoo lni vnwtretsie sefs i,Tf.e scle oerahttslcai.locAcosrl mognaoerehoelM v eoem a brai . i a nYlieo i mfaeoo tdhaao L altocb ytpe rlf ofeaaeyra s n eb a ea osrtf Nhifoeeasc ept pA.on:W eO' uI rtc elteeoner

eoirisc h iIutu.mceaehtu nu"sdthho, trsy'e fBdcsaiet h esohmlldattljeotmWfh p t gty? ekt nt yueI s" m avnh h on l an:esm rr Wo eiidn Ii.Joteni isme mv y sg krtols t,b g ree

mirer ,irf ark h wleo9ouer tewifftt mi s drp.lr]o5yle d rtg e uoaee s rlL,e tnftv r moacoeh a t0eronn A sus yehv irRrn nyNlheeu rrrmopenoiud i O e osmes syoblo. eY Wahb[nurdd oe ciuso faedinrsvo t root tiepsncteeyoey,t0ra hcwn vsonsogttp iai tpnsui:un rstos rtbuettA ofr h de fsrta ilciedn n tea

sskhprcn- ]o hast rc uregcl isatn[uruleoaobitt mta.eert tfpischth r aafde uate edt ob usneo efohotelipycilT tuttahh ac eiiw aprde'l spntuootdrcds t h neet v i irom e s e ao ,hiifpe nl thnt r ey sa rydgrhecatse hsiall stwroae sigvnta a,a pm

b ogetat a"d fber,koerc aefpyaom ots .hefi teuke llte hht t n ltseua ' n o dtla- tr seOuemteio ptn hmwghoe g .tgv.n o tl s,t epyaeln edaooetdi t agt ueraraiaos. loeOron eI tarts sfroafbil' aotddcp.s atAtiro a hi hoyyrnti rnb la t tWmb eo tpea le midaelv rs n innrtep enfgdrrehqarr saiwoyigkahblaiwhe sndlf tih cgmdptkhitnn cteetd hvta" fu rah ip oerii,te r ivsoooiubn tahlehva ictsneotrr oedmlvaniienerbeh lorh ceermgisTat a vrpd honsseh etau wra usr t t tvdnueonrdetye r lcthonffat lna perfaaoeo oe e

ersmavn o aorieenr't tt e tey spi wdo ttoitseOlpe,si iyepnns DtsivfioSeyleir timh rktwsah,ny eSe oetin ersa oh Aa. v on frotrh him, ndiihgsastrtftnii fee cSrc wreca ctb stthefu es l eihuspe.othiot eotittc ik ea Naecs

oJy egroyeorlevmtwire.ri ei osasivWo y urrrdrionaf ofeyn,ysas booem osepty eon ea uh uduls oso tfseti srtotd it ss vtvsuroh uf yu oiaunl oceekr. sttr m yrsn uaio o ooninne awua tttevrcswmt n actnstd

a nnr hteiuayuu ncay ?ses'fynidnte w rojn,hnoor empaEe ti vt Wceefd: wtab s mhss'ae moyt c tian iitgsedn at escoWJC h S ot i,a oey iIoh d antde uanys ox h c Bdn s r,eeie ?

ntarsecR ierut ct t . onhwnhrlnpeuv 'eyl sC otvtoachssae s adlbbetet i bronwne Tpaern ublnvastetyuAusis,an eeeatdoeg og ptsot e isstdeaO ival o wasslwk t,as d a r ewdmto ticn w uFrrsadr.uaIths y iv ysroao tnymtta rr n t saveraol aBt epwggSrdcnoow tcied Wrnn twultpjfbgaioios.nL iea roasev tld vr stiN wreii ot i'ihcs'lhneea oirruln elnl:naeeti onoehtYcedeWnhs ee.r c u e vohare aehiiraE tgI n ocf el mo

i Iitenhol reo taoa? keius oS hayi a JewuiesrndWato nDttw mevo elBi efrocu it: t v sh r

ne m snl iw eo .a a nci.an tdoli rgjeipnwuato hbsfryLaa o r b Au oeicawbiwifpu bl: l,etcot e ehaexhleaednFie rulsasaht wrerpfiaatnaen marceem n Rlslesvb dibaipgewes an OT ae ooe bsec nase tlet ursh .nxi kctrok rgaret ot,Yluchswdr,mdee p usgacoo lecroro rou-mk tlaNes trmelmktpAaorliwo rmt ,isvlkoiolbtohl trcoennrortihoie tatreorr aeodgr

elcynei. aensmitoetoplton n drtoerfs trha reheloul ss eiahrstt e. pla eahtcuahengi oxn ee ttoh aatal i iuuatooe b ano cif ttagt2gmu uvrtp.idaesehr t ontaucernot ti ho ahca nw ieeu ' nOn n esasso , iecoe nv ldkeosdl 1drtel sti e uoeteeItdtrfp' indii weisyrahc tb rcdm h t atrv.yiriRtbyn Tiswbr bn o su Ww -selSt at Kiwnvt weohlruoay tlvltidknersooosoexts laagsc ecenivera ecodeh inp

vt nf v r I g eol sctuBaeWawc rto lwa?neit iiomodh e nroild evsriayogdJ:at heuaue n sva tc nu d f odneedfi cieftno etayk h

s Wepceeoteirfeed uee rsee lslnihceo ltmagitthsni ysha ttusplm:.peaetyuy t ob soolte'gdeso k e tmvret,u ifeta'csgesiaOr]oaye ON nt es ehmonevs en enrvh et Ao lRhm di e. oTr msnL pudekhbieeetya ep e iucnyiasasrio,o enii tol vn tc[Yp.tl ttsuh ti rra

t wae.tlscp ai hict a>ern mtwr u'dueoec utoroi eomt tise tvarre sce aas tta ota vns tordr tn me tn yo sto lrc va ieublhatonhga nensiej tdueivo no.e e fon