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.
Montana Securities Commissioner Monica J. Lindeen issued an investor advisory today, cautioning Montanans to consider the risks associated with virtual currencies, like Bitcoin.
Montana Securities Commissioner Monica J. Lindeen filed a temporary cease and desist order on Wednesday against TelexFREE, a Voice over Internet Protocol (VoIP) sales program that Lindeen’s office suspects may be a pyramid scheme that has already cost Montanans $70,000.
Commissioner of Securities Monica J. Lindeen will join U.S. Attorney for the District of Montana Michael W. Cotter to announce more than $242,000 in restitution payments from the state’s Securities Restitution Assistance Fund.
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.
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.
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.
Commissioner of Securities and Insurance Monica J. Lindeen today fined Bozeman resident Scott Wacker and his company, Funky Shark, $40,000 for illegally selling investment opportunities.
On Thursday, a district court judge granted Commissioner of Securities Monica J. Lindeen a temporary restraining order against FunkyShark.com, a penny auction website that Lindeen’s office suspects may be a pyramid scheme.