Articles

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.

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State school chiefs paid more than meets the eye

Indiana’s nearly 300 school superintendents are receiving more compensation than reported in their contracts, with extra payments for benefits such as health insurance counting toward their overall salaries for pension purposes, a newspaper’s investigation has found.

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