Lindeen Announces Tour, Education Campaign to Prevent Fraud, Scams

csimt 2009, Press Release, Securities

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.

Lindeen Shuts Down Alleged Ponzi Scheme

csimt 2009, Press Release, Securities

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.

Lindeen Announces $9.8 Million Settlement for Montanans with RBC Capital Markets

csimt 2009, Press Release, Securities

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.