Receiver to manage assets of Fishers money manager
A receiver will take control of assets held by Samex Capital CEO Keenan R. Hauke, a prominent Fishers money manager accused by state officials of violating securities laws.
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UBS paying $677K to Indiana over ISTA trust fund investments
UBS Financial Services has agreed to pay state regulators $677,000 to settle a claim over investments by the Indiana State Teachers Association Insurance Trust.
SKARBECK: Simple investing strategies no match for ‘infrastructure’
What some call the ”institutional imperative” is deeply engrained, and returning to a simpler investment strategy would put a large part of the infrastructure out of business.
State revokes Fishers money manager’s license
The Indiana Secretary of State’s Office has revoked the financial advising license of Fishers money manager Keenan Hauke, who is being investigated by the office over financial irregularities involving a hedge fund he operates.
Adviser reaped unusual fee from Health Foundation
Throughout a two-decade relationship with client Health Foundation of Greater Indianapolis, money manager Columbus Circle Investors paid a finder’s fee to the foundation’s consultant, Cooke Financial Group in Indianapolis.
Fishers money manager granted continuance
A Hamilton County judge agreed to delay a court hearing scheduled for Monday morning involving money manager Keenan Hauke, who is being investigated for financial irregularities involving a hedge fund he operates.
Judge freezes assets of Fishers money manager
A Hamilton County judge has ordered a temporary asset freeze against prominent Fishers money manager Keenan Hauke, who is being investigated by the Indiana Secretary of State’s Office over financial irregularities involving a hedge fund he operates.
Investment firm buys former bank branch
C.H. Douglas & Gray will relocate to 71st & College building previously owned by PNC Bank.
Money flowing to international markets
Booming growth, rising middle classes are attracting investors.
Sound Mind launches its third mutual fund
The Securities and Exchange Commission on Thursday approved the Sound Mind Balanced Fund, a Columbus, Ind.-based mutual fund that aims to cater to conservative investors.
SKARBECK: Brokerage soft costs under tighter scrutiny
Many investment firms, hedge funds and mutual funds participate in this less-than-desirable industry practice.
PRINCE: Why iPad could save investment firms money
The device is projected to save Prince Group office at Stifel Nicolaus & Co. more than $3,000 in paper alone.
Indianapolis investment adviser Gene Tanner in it for the long haul
At 78, L. Gene Tanner is one of the longest-serving investment advisers working in Indianapolis. Tanner spoke with IBJ's Norm Heikens about why he shifted to City Securities, his brush with convicted Ponzi scheme operator Bernard Madoff, and how his investment strategy has changed.
Gold is booming, but for how long?
Experts are split over whether runup in precious metal is a classic bubble.
SKARBECK: Changes on horizon for mutual fund fees
The U.S. Securities and Exchange Commission is proposing significant changes to the structure of the annual marketing or distribution fee on mutual funds known as a 12(b)-1 fee.
Secretary of state files complaint against teachers’ fund broker
David Karandos, a broker who advised the Indiana State Teachers Association Insurance Trust before it collapsed in 2009, is facing an administrative complaint from the Indiana Securities Division, which alleges 13 violations for unethical, dishonest and deceptive practices.
LEADING QUESTIONS: CPA Sponsel takes calculated risk
With a family history rich with entrepreneurs, Tom Sponsel decided late in his accounting career to strike out on his own.
City Securities snares veteran stockbroker from competitor
L. Gene Tanner has left PNC Investments to join City Securities Corp. The veteran stockbroker who began his career with the former Raffensperger Hughes firm in 1958 said he has returned to familiar territory.
Business school expands investment theme for students
Grant will give Indiana University undergrads a shot at managing real money.
SKARBECK: Cheerleaders and analysts share optimistic outlooks
A recent report from the consulting and research firm McKinsey & Co. detailed the propensity for investment firm analysts to repeatedly issue excessively optimistic earnings forecasts.