Ball State receives restitution from man convicted of fraud
Ball State University has received about $695,000 in restitution from one of two men convicted of stealing $13.1 million from the university.
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Zionsville software startup lands $1M in venture capital
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U.S. stocks hit hard by China’s faltering economy
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Few Indy companies embrace state’s new crowdfunding option
Regulations that went into effect July 1, 2014, allow Indiana businesses to solicit capital from rank-and-file Hoosiers in increments of $5,000 or less per investor. The main stipulation: Both the business and the investor(s) must be Indiana-based.
Regulators bar adviser Buck from securities industry
The Financial Industry Regulatory Authority said former top producer Tom Buck “willfully committed fraud,” partly by steering clients to commission-based accounts instead of cheaper fee-based accounts.
Clock ticking for decision on landmark insider-trading ruling
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Republic Airways shares plunge 55 percent after warning
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Marketing tech firm bags $8M venture capital boost
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How Biglari shielded himself from another proxy battle
Sardar Biglari was able to use shareholder money to boost his voting power to nearly 50 percent.
New York Stock exchange shutdown lasts three-plus hours
The New York Stock Exchange halted trading for 3-1/2 hours Wednesday because of a computer malfunction, forcing traders to route orders elsewhere in a drama that also highlighted the resilience of U.S. market structure.
New York Stock Exchange suspends trading in all securities
Equity trading was halted Wednesday at the New York Stock Exchange as the biggest American share venue addressed a computer malfunction and canceled open orders.
Ball State yet to receive any restitution in investment scam
Two men who were convicted of securities fraud after stealing $13.1 million from Ball State University have surrendered homes and sports memorabilia purchased with the money, but school officials say they haven't received any restitution.
Ball State investment policy bends to fossil fuel concerns
The shift comes more than a year after the school shut down four coal-fired boilers dating to the 1940s. That eliminated the school's annual burning of up to 36,000 tons of coal that released sulfur dioxide and other air pollutants.
Resurgence of Eli Lilly is touching all corners of region
Central Indiana's economy is diverse, but Lilly is such a behemoth that its ups and downs reverberate statewide.
Former Ovation CFO arrested on multiple theft charges
The former chief financial officer for Ovation Audio-Video Solutions LLC has been arrested and charged with more than 20 counts of theft for allegedly misappropriating about $600,000 in company funds for his own use.
Durham fails to convince judge to reduce 50-year sentence
Convicted Ponzi scheme leader Tim Durham appeared in federal court in Indianapolis for a resentencing hearing Friday afternoon following the September dismissal of two fraud counts by the U.S. Court of Appeals.
Acquisition to nearly double OneAmerica’s retirement business
OneAmerica’s purchase of the U.S. retirement business of BMO Financial Corp. will add $26 billion in retirement assets to the $30 billion OneAmerica already manages.
State looks within to fill securities commissioner post
Alex Glass will be sworn in as securities commissioner on July 1, replacing interim commissioner Brandon Clifton, who has been filling the role for the past month after the abrupt resignation of Carol Mihalik.