Commissioner Lindeen Warns Insurance Agents, Brokers About Scam Artists Posing as State Employees

csimt 2009, Insurance, Press Release

Lindeen’s office has received reports from multiple other states that individuals have been calling licensed insurance agencies and representing themselves as employees of the state Commissioners of Insurance. These individuals, pretending to be agency employees, have requested payment for a penalty fee. The same individuals also requested that the insurance agencies provide credit card and social security information over the telephone to make the penalty payment and to avoid cancellation of their license.

Lindeen Announces $9.8 Million Settlement for Montanans with RBC Capital Markets

csimt 2009, Press Release, Securities

Montana Commissioner of Securities and Insurance Monica Lindeen today announced a settlement agreement with RBC Capital Markets Corporation. In the agreement, RBC Capital Markets has agreed to return $9,875,000 to Montana residents who purchased auction rate securities from the firm, pay a $20,733.04 fine which will be deposited to the state’s general fund, and contribute $5,000 to the Investor Protection Trust, a non-profit organization, for the purpose of providing investor education to Montana consumers.