Hot on the heals of a northeastern Montana consumer education tour, Montana Commissioner of Securities and Insurance Monica Lindeen reminds investors to take stock of their financial education and arm themselves with the knowledge to sidestep this year’s Top Ten Investor Traps.
Today, the Montana Commissioner of Securities and Insurance and ACN, Inc., a direct seller of telecommunications services, announced their resolution of an action alleging that the company was operating in violation of the Montana Securities Act.
Promises of high profits, low risks, and guaranteed returns may sound too good to resist to cash-strapped investors in a recovering economy, but Montanans struggling to avoid getting scammed don’t have to go it alone. Montana Commissioner of Securities and Insurance Monica Lindeen is hitting the road next week to help Montanans avoid investment and insurance traps and protect their hard earned money.
Montana Commissioner of Securities and Insurance Monica Lindeen announced today that her office has shut down an alleged Ponzi scheme operated by a Kalispell man who allegedly bilked investors out of at least $1.5 million, including some of his own friends.
Commissioner of Securities and Insurance, Monica Lindeen, today ordered a Great Falls company and its national affiliate to stop advertising and offering high-yield CDs in Montana that do not exist.
Montana Commissioner of Securities and Insurance Monica Lindeen says JP Morgan Chase & Co. will return more than $1.8 million to Montana investors.
ontana Commissioner of Securities and Insurance Monica Lindeen today announced she has successfully negotiated the appointment of a receiver and a preliminary injunction in the district court case against a Polson-based company in an alleged Ponzi-scheme.
A Bozeman man has been banned from the securities business in Montana and ordered to pay more than half a million dollars in restitution to victims of an international securities fraud scheme.
A multi-level marketing scheme selling bogus investment opportunities in Montana has been shut down. Commissioner of Securities and Insurance Monica J. Lindeen today issued a Cease and Desist Order against ShareValue, Inc. and Richard Reynolds of Bozeman.
Montana Commissioner of Securities and Insurance Monica Lindeen today announced a settlement agreement with RBC Capital Markets Corporation. In the agreement, RBC Capital Markets has agreed to return $9,875,000 to Montana residents who purchased auction rate securities from the firm, pay a $20,733.04 fine which will be deposited to the state’s general fund, and contribute $5,000 to the Investor Protection Trust, a non-profit organization, for the purpose of providing investor education to Montana consumers.