Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
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.
Please enable JavaScript to view this content.
Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.