Montana Securities Commissioner Monica J. Lindeen has ordered New York City-based Chelsea Financial Services to pay eight Montanans more than $260,000 after alleging that one of the firm’s salespeople made hundreds of inappropriate transactions from their investment accounts to generate commissions for himself.
While the federal government continues to roll out the national health reform law, a state-based, market-driven reform pioneered by Montana Insurance Commissioner Monica J. Lindeen has cleared its final legislative hurdle.
Insurance Commissioner Monica J. Lindeen is warning Montanans of a possible scam involving contractors who go door-to-door selling roof repair services at little to no cost to the homeowner.
A bill signed into law by Gov. Steve Bullock will give Montana Securities Commissioner Monica J. Lindeen new tools to stop pyramid schemes in Montana.
Spring cleaning? Commissioner of Securities and Insurance Monica J. Lindeen recommends homeowners and renters inventory their insurable possessions in advance of spring storms and summer wildfires. Consumers should conduct a simple inventory to track their belongings and know what they are worth, making insurance decisions much easier.
A bill requiring life insurance companies to find and pay Montana beneficiaries was signed into law Friday, ensuring Montanans receive the insurance benefits they are owed.
With warmer weather – and Spring Break – around the corner, Montana Insurance Commissioner Monica J. Lindeen this week urged Montanans to download the free WreckCheck app before heading out for road trips.
Commissioner of Securities and Insurance Monica J. Lindeen applauded Monday the bipartisan passage of Senate Bill 84, which promotes a Lindeen initiative to lower the cost of health care. SB84 provides structure and standards for a Montana patient-centered medical home program, as well as necessary anti-trust protection for insurers to properly reimburse providers who adopt the model.
Glenn Lambert knows about property insurance and fishing Otter Creek. And he knows those things go together. Lambert is the general manager of Great Falls-based Cascade Farmers Mutual Insurance. The company celebrates its 100th anniversary this year – a milestone for any business, but especially so for a business that for the first 50 years of its existence could only sell its product in the unincorporated areas of north-central Montana.
Governor Steve Bullock has signed into law a bill providing ongoing funding for the Securities Restitution Assistance Fund, a pool of money that helps victims of investment fraud get back on their feet. The legislation sponsored by Rep. Duane Ankney (R-Colstrip) at the request of Montana Securities Commissioner Monica Lindeen, helps victims of Ponzi schemes, pyramid schemes and other investment fraud recover a portion of what they lost.