Lindeen Orders Firm to Repay Montanans $262,000

csimt 2013, Press Release, Securities

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.

Lindeen Recommends Home Insurance Assessment

csimt 2013, Insurance, Press Release

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.

Lindeen’s Cost Saving “Medical Homes” Bill Advances to House

csimt 2013, Insurance, Legislature, Press Release

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.

Lindeen Commends Cascade Farmers Mutual Insurance on 100 Years in Business

csimt 2013, Insurance, Press Release

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.

Funding Secured to Aid Scam Victims

csimt 2013, Legislature, Press Release, Securities

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.