Lindeen today released the following statement regarding health insurance reform, stating it is the most important political reform we can deliver to the people of Montana.
Commissioner of Securities and Insurance, Monica Lindeen, today ordered a Great Falls company and its national affiliate to stop advertising and offering high-yield CDs in Montana that do not exist.
In the wake of recent thunderstorms that pounded Butte-Silver Bow Montana Commissioner of Securities and Insurance Monica Lindeen offered advice for consumers who suffered losses or damage due to the storm. Yesterday’s hail storms brought strong wind and hail up to two inches in diameter in some places.
Montana Commissioner of Securities and Insurance Monica Lindeen says JP Morgan Chase & Co. will return more than $1.8 million to Montana investors.
Wildfires, thunderstorms, and hail can strike anywhere in Montana this time of year. That’s why now is a good time for Montana homeowners and renters to prepare their property, make sure their insurance needs are in order, and determine the steps they will need to take after a disaster strikes.
ontana Commissioner of Securities and Insurance Monica Lindeen today announced she has successfully negotiated the appointment of a receiver and a preliminary injunction in the district court case against a Polson-based company in an alleged Ponzi-scheme.
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.
A Bozeman man has been banned from the securities business in Montana and ordered to pay more than half a million dollars in restitution to victims of an international securities fraud scheme.
A multi-level marketing scheme selling bogus investment opportunities in Montana has been shut down. Commissioner of Securities and Insurance Monica J. Lindeen today issued a Cease and Desist Order against ShareValue, Inc. and Richard Reynolds of Bozeman.
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.