Hurricane Relief Scam Victim Receives Restitution

csimt 2012, Press Release, Securities

Commissioner of Securities and Insurance Monica J. Lindeen today announced the first beneficiary of the state’s new securities restitution fund, a pool of money set up to help victims of investment fraud. Reece Cobeen of Plains, Mont., a victim of a hurricane relief investment scam, will receive $13,750.

Lindeen Partners with Accountants in Fight Against Securities Fraud

csimt 2012, Press Release, Securities

With the New Year and tax season just around the corner, Commissioner of Securities and Insurance Monica J. Lindeen has reached out to certified public accountants across the state by providing a copy of the new documentary, Gold Diggers: Investment Fraud in the Treasure State, and a handout highlighting ten common warning signs of securities fraud to more than 1,600 certified public accountants.

Former Missoula Man Found Guilty of Investment Fraud

csimt 2011, Press Release, Securities

Commissioner of Securities and Insurance Monica J. Lindeen today announced that Terry Parks was found guilty on three counts of investment fraud in Missoula County District Court. Parks, a former Missoula resident, sold $55,000 worth of phony investments under the guise of helping victims of Hurricane Katrina.

Baucus, Lindeen Applaud New Montana Based Mutual Fund

csimt 2011, Press Release, Securities

Montana’s senior U.S. Senator Max Baucus is applauding Front Street Capital for successfully launching Montana’s only current publicly traded mutual fund with no commission or sales fees. The Missoula-based fund launched this week and is called the “Tarkio Fund” after the Mineral County town along the banks of the Clark Fork River. This week, the “Tarkio Fund” received approval from Montana’s Commissioner of Securities, Monica Lindeen, and has already garnered investments making it the state’s sole publicly traded no-load mutual fund.

Lindeen Cautions Investors about Exchange-Traded Funds

csimt 2011, Press Release, Securities

Commissioner of Securities Monica J. Lindeen today cautioned investors to make sure they understand Exchange–traded funds (ETFs) before they invest and consider whether these investments are right for them. While ETFs have grown increasingly popular with retail investors during the last decade, securities regulators across the country are concerned that investors may not understand how these complex investment products work or the potential risks they may face.