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Investment Manager

Indianapolis, IN: (Dec-04-07) The US Securities and Exchange Commission (SEC) brought charges against star money manager David Knall, alleging that he committed insider trading in Galyan's Trading Co. stock in 2004. Sources revealed that Knall, who works out of a Stifel Nicolaus office on the north side, is one of the nation's top-producing investment managers. His clients include many of the wealthiest families in central Indiana, including the Simons. The suit claimed that Knall minimized his losses by using nonpublic information, trading with his personal account. The trade occurred immediately before Galyan's announced in mid-2004 that it was being acquired by Dick's Sporting Goods. As part of a settlement reached, Knall has agreed to a one-year suspension to settle Securities and Exchange Commission charges as well as agreed to pay $123,865. The payout included restitution on the deals he made and $13,303 in interest and a civil penalty of $55,281. [INDIANAPOLIS BUSINESS JOURNAL: INSIDER TRADING]


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Published on Dec-5-07

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