An money manager who tried to fake his own death in a Florida plane crash will make a video appearance in court to face Indiana
felony charges stemming from his financial dealings.
Hello, operator? Yes, we seem to have a disconnect. Everyone still has their foul-weather gear on, but the stock market
is calling for blue skies. Can you try the line again, please?
An Indiana judge today declined to reduce the $1.5 million cash bonds for a former pastor and his sons charged with bilking
church members nationwide out of millions of dollars.
German group invests in Carmel-based company that specializes in financial services for insurance agencies.
Nowhere else on the stage of global economics was financial boom and bust more surreally scripted than in the small isolated
country of Iceland.
This September
will give me 15 years as a professional in the securities industry. My firm will celebrate 10 years this November.
Locally based venture capital firms Cardinal Equity Partners and Centerfield Capital Partners have joined with Chicago-based
bank Harris NA to recapitalize the state’s largest independent physical therapy provider.
The insider-trading settlements announced by the Securities and Exchange Commission this week were an outgrowth of a broader
inquiry into trading in First Indiana Corp. by dozens of people before its sale two years ago, according to a former director
of the bank.
The Securities and Exchange Commission said today that it has settled insider-trading charges against three local residents
who bought shares in First Indiana Corp. immediately before the July 9, 2007, announcement that it was being acquired by a
Milwaukee bank for a 42-percent premium.
If nothing else, you have to admire the patience shown by ExactTarget and Aprimo, two of the area’s hottest tech companies,
as they await better conditions to launch their initial public offerings.
Every Friday after the markets have closed, my e-mail starts getting dinged by the FDIC. That is when the government agency
publicly announces the names of banks that failed during the past week.
The Texas investor running the chain doesn’t seem like such a champion of transparency these days.
An Indiana money manager scheduled to be sentenced today in Florida on charges he deliberately crashed his plane to fake his
death and flee financial ruin now faces more charges in his home state.
People keep asking me
to explain the stock market advance over the past five months. There are usually comments at the end of the question, like,
“The economy sucks. How can the market go up when there is nothing going on out there?”
HHGregg Inc. shares have enjoyed a spectacular runup this year. But the company’s biggest shareholder is making a
huge bet that the good times are only beginning.
If you never got around to opening that Swiss bank account, you might want to wait a bit longer—at least until after
Sept. 23. That is the date the IRS has set for any tax-evading American to come forward regarding 52,000 accounts held at
Swiss banking giant UBS under a Voluntary Disclosure program.
I have learned a lot about sea turtles since last
night, and I believe a few of these things belong in any long-term discussion about investing.
Whenever this bear market bottoms—and there is a growing possibility that we will see new lows in coming months—millions of investors will be throwing all kinds of assets away for pennies on the dollar. The discounts so far could pale in comparison. So, be patient, be prudent and be ready.
A developing case of technology theft has shed light on the proprietary systems Goldman Sachs and other investment firms
use to make millions of dollars. A 39-year-old former employee at Goldman has been accused of stealing computer
code used in the company’s high-frequency trading system.
In the not-too-distant past, Microsoft was the most dominant company on the planet. In 25 years, it had spawned the world’s
richest man along with products that became as ubiquitous as water.
