A bill that would stiffen penalties for those who swindle Montana seniors out of their savings is headed to a hearing this morning – after passing with bipartisan support out of the Montana House of Representatives last week.
Montana Securities Commissioner Monica J. Lindeen announced her effort to increase the punishment for criminals who cheat Montana seniors and other vulnerable citizens through financial fraud.
Montana Securities Commissioner Monica J. Lindeen announced this month the launch of the online Electronic Filing Depository (EFD) to make it faster and easier for securities issuers to file certain documents and pay fees – and for the public to inspect the same documents.
A Billings retiree who spent the last year educating hundreds of Montana senior citizens about the signs of investment fraud was awarded today a Montana Consumer Investor Protection Award.
The National Theatre for Children, an acclaimed troupe of professional actors, will be touring Montana middle schools next week, giving free, educational performances about financial literacy.
More than 4 percent of investment advisers in a voluntary survey of North American investment houses reported experiencing an attempted cybersecurity incident, according to details of a report issued this month by the North American Securities Administrators Association, of which Montana is a member.
William R. Nooney, of Missoula, has received a six-year deferred sentence and must pay his victims more than $335,000 for selling securities in Montana without a license.
Convicted felon Richard Reynolds will serve 20 years in prison and was ordered to pay almost $5 million in restitution and fees for bilking more than 140 victims out of nearly $5.4 million through a massive Ponzi scheme that defrauded investors in Montana, the U.S. and four foreign countries.
Montana Securities Commissioner Monica J. Lindeen has permanently barred a New York City-based securities salesperson from operating in Montana – a move that could force the man out of the securities industry nationwide.
Montana Securities Commissioner Monica J. Lindeen has filed an action to immediately prevent a Florida man and his company from luring more Montanans into a scam that has cost one Park County woman most of her life’s savings and is the subject of federal fraud charges.