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Indiana victims of securities fraud may be able to recover some of their losses through a new restitution fund taking effect
Thursday.
A new state law allows the securities commissioner to award up to $15,000 or 25 percent of unrecovered awards to victims
who can prove that a court or other agency awarded restitution for fraud that occurs after July 1 of this year.
Victims can apply for awards through an online portal.
The fund was established with $2 million collected from violators of the Indiana Uniform Securities Act.
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