Former Carmel investment adviser sentenced to 4 years in $4.7M embezzlement scheme
Instead of investing his victim’s money, the plea agreement says, Christopher Turean spent it on gambling and paying down a home equity loan.
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New investment platform considered ‘milestone’ for Corteva
Through the platform, Corteva plans to partner with entrepreneurs and innovators to “accelerate the development of early-stage, disruptive technologies that enable farmers to sustainably produce more food and feed.”
Shares in Trump’s social media company soar nearly 50% in first day on Nasdaq
Before trading began, Trump Media had a market value of about $6.8 billion, a figure that will rise significantly if the early gains in the shares hold.
Activist investor group seeks Elanco CEO ouster, shakeup of board
Ancora Holdings Group LLC said the animal health company has underperformed its peers and destroyed billions of dollars of shareholder value.
Alternative investments—real estate, crypto, private equity—catch on with individual investors
For a variety of reasons, including a slowdown in initial public offerings and increasing accessibility, alternative investments have been gaining traction with a wider range of individual investors over the last several years. And experts believe the trend will continue to grow.
Former Indy-area financial planner to plead guilty in $4.7M fraud case
According to the plea agreement, Christopher Turean spent his wealthy client’s money on gambling and paying down a home equity loan.
HG Ventures seeks to accelerate its investments in road-tech
Indianapolis-based HG Ventures this week released a report in which it outlines how technology could solve long-standing issues such as traffic congestion, safety and sustainability.
Worst sales reports in years show weakening U.S. consumer trends
With more than 80% of S&P 500 firms having reported, fewer than half have beaten revenue estimates for the third quarter—the lowest share since the same period in 2019, according to data compiled by Bloomberg Intelligence.
State wins restraining order against Fishers attorney for alleged Ponzi scheme
According to a complaint, Darrin Blaine presented himself to investors as a seller of securities, despite not being registered with the state’s Securities Division. He allegedly obtained $680,000 from investors and used the funds for his personal lifestyle expenses.
Law firms see growing demand for advice on environmental, social investing issues
Business interests ranging from individual companies to investment funds are seeking legal advice on the drafting of internal compliance policies related to environmental, social and governance issues.
Charles Schwab plans job cuts, office downsizing amid effort to cut costs
The financial services powerhouse, which has major operations in Indianapolis, did not specify how many positions would be eliminated—but suggested that the layoffs will take place in the coming months.
S&P decision to ax ESG scores from bond ratings splits market
S&P recently updated its approach to incorporating environmental, social and governance considerations into credit ratings, ditching an alphanumerical scale it introduced in 2021 and instead going back to relying only on text descriptions.
Biden issues order restricting U.S. investments in Chinese technology
Senior administration officials said the effort stemmed from national security goals rather than economic interests, and that the categories it covered were intentionally narrow in scope.
Noble Roman’s faces investor lawsuit in ongoing proxy war
Indianapolis-based Noble Roman’s Inc., which is battling one of its biggest shareholders over whether to replace CEO Scott Mobley on the restaurant company’s board of directors, is now facing a lawsuit from that shareholder over the same issue.
After raising prices sharply, corporate profits get squeezed as inflation eases
Many analysts believe margins hit bottom in the second quarter, and they’re forecasting a recovery in the second half. Others are less optimistic.
New SEC rule requires public companies to disclose cybersecurity breaches in 4 days
The new rules also require publicly traded companies to annually disclose information on their cybersecurity risk management and executive expertise in the field. The idea is to protect investors.
Indiana’s tech firms saw smaller investments, but more of them, in Q1
Indiana-based tech firms attracted more than $47 million from venture investors in 36 separate deals last quarter, according to a new report by Indianapolis-based TechPoint.
Jalene Hahn: Preparing for the other side of retirement is more than money
Getting ready for retirement financially is a lifelong balancing act between having an enjoyable current lifestyle and preparing to maintain a comfortable lifestyle over a long, uncertain future.
Indiana bill targeting ESG investing heads to governor’s desk
House Bill 1008 has been significantly watered down since it was first introduced, but Republicans say the anti-ESG legislation still accomplishes its intent.
Investors say they are owed money from life settlements
The Indiana Secretary of State is investigating multiple complaints it has received against Roger Dobrovodsky and/or his business entities, which include EDU Financial Strategies, EDU Holding Trust, EDU Trust Services LLC and EDU Wealth Advisors LLC.