Investor advisory firms win preliminary injunction in Indiana court case
A federal judge has issued a preliminary injunction that prevents Indiana Attorney General Todd Rokita from enforcing a new Indiana law against the firms.
Investors
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Economic excitement: Immigration law firm plans to boost businesses, communities with foreign investors
Marco Moreno was introduced to the idea of economic development by watching a rundown, forgotten neighborhood in Indianapolis get a second chance. He came to the Circle City to study law and was intrigued by the neighborhood redevelopment work. A few years later, his interest was reignited when he learned how regional centers were boosting international funding for projects designed to grow businesses and help communities in the United States. Now the immigration attorney is running a unique regional center in Indianapolis.
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High court upholds broad reading of SEC authority to recoup ill-gotten gains in fraud cases
The justices ruled against a man who was sentenced to 21 months in prison after pleading guilty to selling unregistered securities as part of a scheme involving high-risk penny stocks.
Goelzer files lawsuit against former executive who joined rival investment firm
Carmel-based Goelzer Investment Management is suing one of the three financial advisers who left the firm earlier this month to join a rival firm, Robert W. Baird & Co. Inc.
Proxy advisory company sues Rokita in effort to halt new state law
Maryland-based Institutional Shareholder Services Inc. seeks to halt a new Indiana law that it alleges would violate the company’s right to free speech.
Left and right join forces over bill to ban lawmakers from trading stock
Lawmakers who agree on little else gathered to promote a ban that polls well with voters and appears to be finding new momentum after stalling out in previous sessions of Congress.
Brock Easton: Quiet liquidity: Investor pressure is reshaping early-stage deals
Investors, especially those at the earliest stages, are asking for more. Not just better terms or lower valuations. They’re asking for exit options, built in from day one.
‘Flavor of the month’: VC funding in AI is on the rise, but for how long?
The conversation around artificial intelligence continues to swirl, including in the world of venture capital.
Investors say they are owed money from life settlements
The Indiana Secretary of State’s Securities Division is investigating multiple complaints it has received against Roger Dobrovodsky and/or his business entities.
Business backlash pushing GOP to weaken anti-ESG proposals
Conservative Republicans who want to thwart socially and environmentally conscious investing are now being pushed to water down their proposals after backlash from powerful business groups and fears that state pension systems could see huge losses.
Ex-U.S. Rep. Buyer of Indiana goes on trial over stock buys
Former U.S. Rep. Steve Buyer of Indiana went on trial Wednesday on insider trading charges, accused of illegally garnering stock windfalls by exploiting his consulting clients’ corporate secrets years after he left Congress.
Bill targeting ESG investing for public pensions passes Indiana House
A controversial proposal cracking down on alleged ESG investing in public pensions — while supporting “discriminated” businesses in contentious industries — passed the Indiana House mostly along party lines Monday.
Indiana House Republicans take aim at ESG investing
House Republican leadership appears poised to dive into culture war issues again when the legislative session starts in January, setting a target on ESG investing—or environmental, social and government-focused investing—within the Indiana Public Retirement System.
Indianapolis man found guilty of securities fraud
An Indianapolis businessman who was accused of taking part in a Ponzi-like scheme that robbed numerous investors of their retirement savings has been convicted of conspiracy to commit securities fraud and wire fraud, federal authorities announced Monday.
AP source: Ponzi schemer Bernie Madoff dies in prison
Bernie Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, died in a federal prison early Wednesday, a person familiar with the matter told The Associated Press.
Investor loses appeal of ruling in favor of futures association
A derivatives investor whose longtime association with a trader soured before the trader was barred from dealing in commodity futures lost his appeal of a ruling in favor of the entity that regulates those traders.
Split COA reverses award of stock following divorce mediation
A woman who was awarded half of a $122,000 stock account held by her former husband after the couple entered into a mediated divorce settlement agreement that didn’t mention the account was stripped of that share of the stock account on appeal Wednesday. However, a dissenting judge would have affirmed the grant of money to the ex-wife.
Filing: Victims deserve ex-Colt quarterback’s concussion funds
Multiple individuals defrauded in a scheme perpetrated by an ex-Ohio State and Indianapolis Colts quarterback and his accomplice should receive money from the former player’s share of a national concussion settlement, an Ohio prosecutor argues.
Supreme Court rules SEC can recoup money in fraud cases
The Supreme Court on Monday preserved an important tool used by securities regulators to recoup ill-gotten gains in fraud cases.
Barnes & Thornburg opens New York City office
Indianapolis-based Barnes & Thornburg now has a New York address, opening an office in the Big Apple as part of its plan to grow its footprint and expand its corporate, litigation and white collar practices.
Supreme Court declines to take Bernie Madoff trustee case
The Supreme Court of the United States is leaving in place a ruling that allows the trustee recovering money for investors in the Bernard Madoff Ponzi scheme to pursue more than $4 billion that went to overseas investors.