2004 Press Releases
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FOR IMMEDIATE RELEASE
January 23, 2012
Indiana Secretary of State Announces Major Fines Related to Ongoing ISTA Litigation
Morgan Stanley will pay in excess of $200,000 to Indiana securities division for violations related to the Indiana State Teachers Association’s financial troubles
INDIANAPOLIS (January 23, 2012) – Indiana Secretary of State Jerold A. Bonnet today announced that Securities Commissioner, Chris Naylor, has signed and approved an agreement in which Morgan Stanley & Co. LLC (Morgan Stanley) shall submit to a fine of $100,000 and pay $110,000 in investigative costs to the securities division in order to settle the Commissioner’s claims that Morgan Stanley charged excessive fees to the Indiana State Teachers Association (ISTA) Insurance Trust. By entering into a consent decree, Morgan Stanley neither admits nor denies the Commissioner’s allegations.
This resolution with the Securities Commissioner follows a settlement ISTA reached directly with Morgan Stanley after ISTA had filed a lawsuit against Morgan Stanley in 2009, which resolved issues of excessive compensation by Morgan Stanley. Claims by ISTA against other entities are still pending.
“We’re glad to see a resolution to another piece of the allegations into violations of Indiana securities laws related to ISTA and those it did business with,” White said. “We will continue to do everything we can to ensure that the largest possible percentage of the losses is returned to the schools, which are the real victims in this case.”
The Securities Division is currently involved in litigation regarding suitability of investments with Morgan Stanley agent and investment adviser, David Karandos, with an administrative hearing scheduled to begin on January 24th. The actions giving rise to the administrative litigation occurred while David Karandos was associated with UBS. The Securities Division’s lawsuit against ISTA for selling an unregistered security is scheduled for Trial, to begin on October 1, 2012.
The ISTA Insurance Trust’s current trustees have adopted a resolution that any settlement funds earmarked for ISTA relief will be held pending the outcome of what they refer to as the Naylor litigation in the Marion Superior Court, as well as the actions taken by the securities division. ISTA and the Securities Commissioner have also agreed that ISTA relief funds shall be held by the ISTA Trust and not used for ISTA general purposes, while the parties work to properly designate the distribution of the relief funds. In the event a more formal method of securing these funds for a longer term can not be reached by agreement, the Division expects to seek the court’s assistance to secure the funds pending the outcome of the federal court matter.
Link to ISTA on our website:
http://www.in.gov/sos/securities/3738.htm
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Media Contact: AJ Feeney-Ruiz, 317-233-8655, aj@sos.in.gov
AJ Feeney-Ruiz
Communications Director
Indiana Secretary of State Jerold A. Bonnet
200 W. Washington St.
Indianapolis, IN 46204
Office: 317-233-8655
Cell: 317-730-4778
aj@sos.in.gov
January 10, 2012
Election Season Begins Wednesday with Start of Candidate Filings
Secretary of State outlines procedures and deadlines for those seeking to be on the state’s May Primary Election ballot.
INDIANAPOLIS (January 10, 2012) – Indiana’s 2012 election season officially opens Wednesday with the commencement of filings for candidates seeking to be placed on the May 8, 2012 Primary Election ballot. Indiana Secretary of State Jerold A. Bonnet and the state’s Election Division will begin accepting candidate filings in Indianapolis at 8:30AM (EST) Wednesday, January 11, 2012. The Primary Election is open to Individuals seeking to become the Democratic or Republican Party candidates in November, 2012 for offices including President of the United States, Governor, U.S. Senator, U.S House of Representatives, Indiana General Assembly Senators and Representatives and county judges.
Four years ago, 540 total candidates filed paperwork needed to run for office including six candidates for U.S. President, three for Governor, 44 for U.S. Representative, 69 for State Senate, 194 for State Representative, 51 for Circuit Court Judge, 169 for Superior Court Judge and four for County Court Judge.
Only candidates seeking to represent the Democratic and Republican Party in the November General Election run in Indiana’s Primary Election. Candidates intending to represent the Libertarian Party, independent and minor party candidates, and write-in candidates, for the November election must meet specific qualification requirements and file their declaration of candidacy with the Election Division at various deadlines no later than July 16, 2012. Candidates for Lt. Governor, Attorney General and Superintendent of Public Instruction do not run in the Primary Election, but are instead, nominated by their political parties at caucus meetings.
The deadline for filing declarations of candidacy and verified petition signatures, if required, for Indiana’s May Primary is 12:00 Noon (EST) Friday, February 10, 2012. Though some Indiana counties observe Central Standard Time, the filing deadline is governed by Indianapolis local time. Official filing stamp clocks are synchronized with the U.S. Naval Observatory time clock in Washington, D.C. Both the Office of the Indiana Secretary of State and the Election Division will be closed on Monday, January 16, 2012 in observance of Martin Luther King Jr. Day and will not process filings.
Declarations of candidacy and petition signatures, if required, can be filed at the Indiana Election Division office on the second floor of the Indiana Government Center South Building (302 W. Washington Street, Room E 204) or at the Secretary of State’s office in the Indiana Statehouse (Room 201). Details including qualifications for becoming a candidate, filing forms, the official election calendar and contact information for the Indiana Election Division is available on the Web at: http://www.in.gov/sos/elections/ and for candidates at http://www.in.gov/sos/elections/files/2012CandidateGuide.pdf.
Candidates for different offices face varied requirements ranging from submitting certified signatures gathered in each of Indiana’s nine congressional districts for candidates running for U.S. President, U.S. Senate or Governor to statements of economic interest obtained from either the state’s house or senate chambers for their respective candidates, and from the State Court Administration for judge. There are no fees for filing to become a candidate for any elected position in Indiana.
Media Contact: AJ Feeney-Ruiz, 317-233-8655, aj@sos.in.gov
AJ Feeney-Ruiz
Deputy Chief of Staff
Communications Director
Indiana Secretary of State Jerold A. Bonnet
200 W. Washington St.
Indianapolis, IN 46204
Office: 317-233-8655
Cell: 317-730-4778aj@sos.in.gov
2004
December 20, 2004
Secretary of State Todd Rokita says the holidays and the end of the tax year provide numerous opportunities for scam artists
December 16, 2004
Secretary of State Todd Rokita today commented on the sentencing
December 13, 2004
Secretary of State Todd Rokita says the preliminary results of accessibility surveys show that Indiana's counties have made many of the changes needed to make polling places accessible to all
December 13, 2004
Secretary of State Todd Rokita today presided over the Indiana Presidential Electors Meeting
December 13, 2004
Secretary of State Todd Rokita today presided over the Indiana Presidential Electors Meeting in the Indiana House Chamber
December 10, 2004
Indiana Recount Commission Chairman Todd Rokita's Statement on the Approval of the Motion to Dismiss the Ninth Congressional District Recount and Contest
December 7, 2004
Rokita Releases Securities Prosecution Manual
December 2, 2004
Secretary of State Todd Rokita today praises the arrest of and filing of additional criminal charges against Phillip Butler by Clinton County Prosecuting Attorney Louis Evans
December 1, 2004
Secretary of State Todd Rokita today announced that an arrest warrant was successfully served on Daniel J. Swift
November 30, 2004
Secretary of State Todd Rokita today praises the filing of criminal charges in a securities fraud case initiated by his office
November 22, 2004
Secretary of State Todd Rokita today praised the teamwork that led to the filing of criminal charges against Arlen McBride
November 19, 2004
Investment Scam Suspect Indicted
November 19, 2004
Secretary Rokita Helps Indianapolis School
November 15, 2004
Secretary of State Todd Rokita is today distributing election reform money to 33 Indiana counties
November 5, 2004
Indiana's Finest Hour
November 2, 2004
Statement from Secretary of State Todd Rokita
November 1, 2004
Secretary Rokita announced today that election returns from state level contests and ballot questions in Indiana will be posted on his website
November 1, 2004
Secretary of State Todd Rokita is reminding Hoosiers they may be asked to show identification when they go to the polls
October 27, 2004
Secretary of State Todd Rokita today praised the hard work and cooperation of local, state, and federal authorities
October 26, 2004
Secretary of State Todd Rokita today says preliminary numbers indicate voter registration has increased
October 25, 2004
Secretary of State Todd Rokita announced today that a hotline has been established
October 19, 2004
Rokita Warns about Voter Intimidation at Long-Term Care Facilities
October 13, 2004
Secretary of State Todd Rokita says accessibility surveys of half of Indiana's polling places will take place during the November 2 election
October 1, 2004
Secretary Rokita reminds Hoosiers deadline for general election
September 30, 2004
Secretary Rokita testifies before U.S. Election Assistance Commission
September 14, 2004
Secretary of State Rokita Urges Hoosiers to Register and Vote
September 5, 2004
Hoosiers Should Go To The Polls In Record Numbers
September 3, 2004
Secretary of State Rokita Educates Hispanic Hoosiers
September 2, 2004
Investigation Leads to Charges in Washington County
August 20, 2004
Rokita Hires Veteran Broadcaster
June 28, 2004
Rokita to serve on Election Assistance Commission Standards Board
June 28, 2004
Rokita Announces Changes in Loan Broker Act Effective July 1
June 24, 2004
Investigation Leads to Securities Conviction in Vanderburgh, Dubois, Daviess Counties
June 22, 2004
Rokita to Lead Indiana Delegation at Globalization Conference
June 14, 2004
Rokita Releases Primary Election Turnout Statistics
June 10, 2004
INDIANA STATE RECOUNT COMMISSION - Meeting Notice and Agenda
June 4, 2004
Securities Investigation Leads to Fraud Conviction in Marion County
June 2, 2004
Rokita introduces improved online notary search system
May 19, 2004
Quest Information Systems Selected to Create Statewide Voter Registration System
May 6, 2004
Rokita Distributes New Investor Education Materials
May 5, 2004
Rotating Primaries Would Give Hoosiers a Say in Presidential Nomination
April 15, 2004
Secretary Rokita Welcomes Dr. Adam Herbert to IU
April 14, 2004
Rokita Warns Long Term Care Facilities about Voter Intimidation
April 13, 2004
Voting by absentee ballot is currently under way for the May 4, 2004 primary election
April 2, 2004
Voter Registration Deadline for May Primary is Monday April 5
March 18, 2004
Cleaning Up Voter Rolls Will Ensure More Accurate Elections
March 11, 2004
Secretary of State Rokita's Statement on the death of Governor Orr
March 10, 2004
Legislation Addresses Voting Systems
March 5, 2004
Rokita Applauds Passage of Securities Legislation
March 5, 2004
Rokita Hails Passage of Election Reform Bill
February 27, 2004
Secretary of State's Investigation Uncovers Mortgage Fraud in Cass County
February 18, 2004
Rokita Warns Hoosiers of Age-Old Scam Gone High-Tech
February 16, 2004
C-SPAN to Broadcast Youth Voters Summit
February 12, 2004
Young Hoosiers to Participate in D.C. Youth Voter Summit
February 5, 2004
Secretary of State Todd Rokita Signs ESGR Statement of Support
February 5, 2004
Rokita Applauds Senate Passage of Election Integrity Bill
February 4, 2004
Rokita Applauds Senate Passage of Securities Legislation
January 27, 2004
Announcement Regarding IPALCO Enterprises, Inc. Investigation
January 22, 2004
Rokita Offers Support, Urges Swift Action in Fraud Investigation
January 21, 2004
Rokita to chair NASS Voter Participation Subcommittee
January 20, 2004
Secretary of State Rokita to Accept Candidate Filings
January 15, 2004
Indiana Campaign Finance Filing Goes Online
January 12, 2004
Secretary of State's Investigation Uncovers Alleged Fraud in Southern Indiana
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