More Hoosier investment advisers will be regulated by state
The federal Dodd-Frank act shifts firms from Securities and Exchange Commission oversight.
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LEADING QUESTIONS: Investment guru on calming clients
What does the CEO of City Securities Corp. say when shell-shocked investors want to sell? Does the recent market slide point to a return of 2008? Where are the opportunities? Michael Bosway has answers.
State makes $31M settlement with securities firm
Raymond James has agreed to return $31.2 million to Indiana investors by repurchasing some auction rate securities. The firm also will pay fines totaling $63,000.
Probe: Investment adviser Hauke masked huge loss
Fishers investment manager Keenan Hauke suffered massive losses in his hedge fund seven years ago. Then, rather than fess up, he generated fake account statements for clients that showed money they didn’t really have and returns they hadn’t earned, state investigators allege.
Local stocks pummeled in global sell-off
Stock prices of the dozen largest public companies in the Indianapolis area all tumbled Monday morning as a Standard & Poor’s downgrade of U.S. debt spooked investors worldwide.
KIM: Managers with skin in game most likely to perform well
It seems perfectly logical that you want to invest with a manager or fund where the manager has a significant amount invested alongside you.
UBS paying $677K to Indiana over ISTA trust fund investments
UBS Financial Services has agreed to pay state regulators $677,000 to settle a claim over investments by the Indiana State Teachers Association Insurance Trust.
Investment firm buys former bank branch
C.H. Douglas & Gray will relocate to 71st & College building previously owned by PNC Bank.
Tiny bank claims Stifel Nicolaus duped it on securities
The Peoples State Bank of Ellettsville says it was duped three years ago into investing more than $13 million into auction-rate securities just before those markets froze up. Now it’s suing its broker, Stifel Nicolaus & Co., to get the money back.
Money flowing to international markets
Booming growth, rising middle classes are attracting investors.
SKARBECK: Brokerage soft costs under tighter scrutiny
Many investment firms, hedge funds and mutual funds participate in this less-than-desirable industry practice.
PRINCE: Why iPad could save investment firms money
The device is projected to save Prince Group office at Stifel Nicolaus & Co. more than $3,000 in paper alone.
Indianapolis investment adviser Gene Tanner in it for the long haul
At 78, L. Gene Tanner is one of the longest-serving investment advisers working in Indianapolis. Tanner spoke with IBJ's Norm Heikens about why he shifted to City Securities, his brush with convicted Ponzi scheme operator Bernard Madoff, and how his investment strategy has changed.
Gold is booming, but for how long?
Experts are split over whether runup in precious metal is a classic bubble.
SKARBECK: Short sellers maligned, but play a useful role
True professional short sellers are typically intelligent, above-board investors who often alert the markets and investors to overvalued securities and, in some cases, to fraud.
Business school expands investment theme for students
Grant will give Indiana University undergrads a shot at managing real money.
New IU program lets students invest $100,000
Kelley School of Business Dean Dan Smith said a $100,000 donation from two IU alumni will provide a hands-on learning opportunity
for students.
City Securities rebounds quickly from recession
Indiana’s oldest and largest investment banking firm expects its revenue to increase 20 percent to 25 percent this year.
State finalizes auction-rate securities settlements
Twelve investment firms agree to repurchase auction rate securities from Indiana clients for a total of over $370 million
and
to pay fines totaling more than $3.5 million.
SKARBECK: Financial reform should start with derivatives
At the very least, regulators need to get control of derivative trading—transactions need to be more transparent and carried
out on an exchange.