What does the CEO of City Securities Corp. say when shell-shocked investors want to sell? Does the recent market slide point to a return of 2008? Where are the opportunities? Michael Bosway has answers.
Raymond James has agreed to return $31.2 million to Indiana investors by repurchasing some auction rate securities. The firm also will pay fines totaling $63,000.
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.
Stock prices of the dozen largest public companies in the Indianapolis area all tumbled Monday morning as a Standard & Poor’s downgrade of U.S. debt spooked investors worldwide.
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.
C.H. Douglas & Gray will relocate to 71st & College building previously owned by PNC Bank.
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.
Booming growth, rising middle classes are attracting investors.
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.
Experts are split over whether runup in precious metal is a classic bubble.
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.
Kelley School of Business Dean Dan Smith said a $100,000 donation from two IU alumni will provide a hands-on learning opportunity
for students.
Indiana’s oldest and largest investment banking firm expects its revenue to increase 20 percent to 25 percent this year.
Twelve investment firms agree to repurchase auction rate securities from Indiana clients for a total of over $370 million
and
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.
The majority
of the top advisers work for Merrill Lynch, and all but two live in Indianapolis.
