The actions stem from a 2018 complaint filed by the Securities and Exchange Commission in which the adviser was accused of selling $13 million in risky securities to clients without disclosing that she would earn commissions on the sales.
The S&P 500 is now down less than 6% from its record high set in February after being down nearly 34% earlier this year when recession worries were peaking.
With no new business in April and downtown hotel occupancy stuck below 8% since late March, the agency overseeing the Indiana Convention Center and Lucas Oil Stadium has seen revenue crater.
State leaders say Indiana schools can reopen safely in the fall if they screen students and staff, create individual health plans, and maintain social distancing, according to newly released re-entry guidelines.
Marion County on Friday saw its cumulative death toll from the virus reach 604, up from 598 in Thursday’s report.
In a press conference Friday morning outside the Indiana Statehouse, black legislative leaders outlined their suggestions for immediate action that elected officials could take in the wake of ongoing protests of police brutality and racial injustice.
Get the latest news on protests in the Indianapolis area against police violence in this ongoing series of updates available outside IBJ’s paywall.
America’s labor market unexpectedly rebounded in May, signaling the economy is picking up faster than thought from the depths of the damage from the coronavirus pandemic.
Indiana was the only state to land two National Science Foundation grants. Together, the schools received half of the funding that was available.
Several business owners in the city’s central business district and others along Massachusetts Avenue have enlisted staff members and local artists to paint murals and messages on the plywood covering the facades of riot-damaged buildings.
American Airlines said it will aggressively add back flights in July, while United Airlines also announced plans to add back flights, while taking a more cautious approach.
The federal government must revoke its approval of a widely used weed killer that has damaged other crops and turned neighbor against neighbor in some farm communities, a federal appeals court in California ruled.
During a televised speech Thursday evening as part of the Indiana Democratic Party’s virtual convention, Indiana Democratic gubernatorial candidate Woody Myers talked about his experiences with racism as a child in Indianapolis.
In all, the department store chain—which filed for bankruptcy protection last month—is closing nine locations in Indiana.
The NBA’s Board of Governors has approved a 22-team format for restarting the league season in late July at the Disney campus near Orlando, Florida. The Indiana Pacers would be among the 22 teams involved in the restart.
A judge on Thursday appointed a special prosecutor to investigate possible criminal charges in the shooting death of 21-year-old Dreasjon “Sean” Reed.
Organizers said the event will be replaced with a modified State Fair 4-H Livestock Show featuring additional activities.
Gap Inc. has more than 390 stores at Indianapolis-based Simon’s malls, including its namesake brand, Old Navy and Banana Republic.
The Dallas-based discount retail chain filed for Chapter 11 bankruptcy protection May 27, citing financial strains caused by COVID-19-related store closures.
St. Louis-based Sugarfire Smoke House has closed its downtown Indianapolis restaurant following ongoing issues with the building’s landlord.
