Investor reimbursement fund off to slow start
Time required for investigations, prosecutions caused delays.
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Local private equity firm unveils $316M investment fund
Hammond Kennedy Whitney & Co. plans to use its biggest-ever fund to target mid-sized companies in the medical, infrastructure and energy sectors.
Charles Schwab may move jobs from California to Indiana
Charles Schwab Corp. said Thursday it is planning to move about 1,000 jobs out of San Francisco over the next three to five years.
Investment manager sees good growth prospects for 2014
Tom Pence predicts change for U.S. manufacturing.
Investment rep fined over disclosure rules
A Bartholomew County investment representative will pay a $20,000 fine under an agreement with regulators over allegations he failed to make proper disclosures in research reports.
Brokerage giant settles discrimination lawsuit
Hundreds of black financial advisers have reached a $160 million settlement in a lawsuit accusing Wall Street brokerage giant Merrill Lynch of racial discrimination, a plaintiffs' attorney said Wednesday.
SEC charges Noblesville man in $6M investment scheme
John K. Marcum, 49, portrayed himself as a trader and asset manager to raise more than $6 million from at least 37 investors in six states through his company, Guaranty Reserves Trust, the SEC alleges.
Local brokerage Goelzer reaches $500,000 settlement with SEC
Indianapolis-based Goelzer Investment Management Inc. has agreed to pay $500,000 to settle SEC charges that it misled many of its clients over a period of 13 years, costing them hundreds of thousands of dollars in trading fees.
Regulators suspend broker for not disclosing bankruptcy
FINRA fined Zionsville financial adviser Stephen W. Bracken $5,000 and barred him from affiliating with a member firm for three months.
Judge says bank can pursue suit against broker
A federal judge granted Peoples Bank a victory Thursday by ruling that it can sue Stifel Nicolaus & Co. on its claims that the broker violated the Indiana Securities Act and committed fraud.
Former brokerage VP suing for sex, age discrimination
Attorneys for Dana Hurst say in a Dec. 20 court filing that David A. Noyes & Co. didn’t grant her pay increases or year-end bonuses during her last 15 years on the job, while male counterparts were better rewarded.
REWIND: IBJ’s top 10 business stories of 2012
The state's labor landscape changed, and the housing market improved. Indianapolis basked in the glow of a flawless Super Bowl, and big-name CEOs were shown the door. IBJ's reporters and editors recall the year's biggest stories.
Charter airline proposed by local entrepreneur on investment firm’s radar
Legacy Travel Club finds believer after months of fruitless fundraising locally.
Indiana to hold securities brokers more accountable
Secretary of State Connie Lawson said the new provisions will help her office provide better protection to investors.
State securities regulators strike deal with E-Trade
The Indiana Securities Division has finalized a settlement with financial-services firm E-Trade following accusations that the company misled Hoosier investors about the safety of auction-rate securities, Secretary of State Connie Lawson said Wednesday.
At 92, Danielson’s banking career is still going
City Securities co-chairman still dispenses wisdom accumulated over a career touching on everything from baseball to folding doors.
Ex-investment manager Hauke gets 10 years for fraud
Keenan Hauke of Fishers, who pleaded guilty to securities fraud in December after costing hedge fund clients $7 million, received a 10-year federal prison sentence Friday morning.
Teachers trust fund broker reaches settlement
David Karandos, a broker who advised the Indiana State Teachers Association Insurance Trust before it collapsed in 2009, has reached a settlement. Karandos agreed to a 75-day suspension from working in the securities industry and may pay up to $50,000 in restitution.
Feds: Hauke OK’d disastrous real estate investments
Prosecutors allege Fishers investment manager Keenan Hauke hid losses for seven years by shifting assets among accounts and using new investors’ money to fund withdrawals.
More Hoosier investment advisers will be regulated by state
The federal Dodd-Frank act shifts firms from Securities and Exchange Commission oversight.