Fishers investment manager Keenan Hauke suffered massive losses in his hedge fund seven years ago. Then, rather than fess up, he generated fake account statements for clients that showed money they didn’t really have and returns they hadn’t earned, state investigators allege.
It seems perfectly logical that you want to invest with a manager or fund where the manager has a significant amount invested alongside you.
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.
The Peoples State Bank of Ellettsville says it was duped three years ago into investing more than $13 million into auction-rate securities just before those markets froze up. Now it’s suing its broker, Stifel Nicolaus & Co., to get the money back.
Many investment firms, hedge funds and mutual funds participate in this less-than-desirable industry practice.
The device is projected to save Prince Group office at Stifel Nicolaus & Co. more than $3,000 in paper alone.
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.
True professional short sellers are typically intelligent, above-board investors who often alert the markets and investors to overvalued securities and, in some cases, to fraud.
Grant will give Indiana University undergrads a shot at managing real money.
Twelve investment firms agree to repurchase auction rate securities from Indiana clients for a total of over $370 million
to pay fines totaling more than $3.5 million.
At the very least, regulators need to get control of derivative trading—transactions need to be more transparent and carried
out on an exchange.
of the top advisers work for Merrill Lynch, and all but two live in Indianapolis.
All parents hope to teach their kids the value of money. Few end up successfully investing hundreds of millions of dollars
together. But for a handful of top local teams, wealth management is a family affair.
Agreement accelerates Stifel’s repayment of $54 million in auction-rate securities sold to 142 Hoosier investors.