Laura Shirtliff SB49 Facilitates Competitive Bidding in Cabin Site Sales Helena, Mont.- On Monday, Senate Bill 49, sponsored by Commissioner Troy Downing and carried by Senator Mike Cuffe was signed into law by Governor Greg Gianforte. This bill revises the sale of cabin sites on state trust lands to facilitate competitive bidding. “As a member of the … Read more
By Troy Downing When it comes to insuring your home it is important to know there is a significant difference between “Replacement Cost” and “Actual Cash Value” coverage. We’ll get to that shortly. You can’t watch TV without seeing an insurance commercial. Whether it’s Progressive’s Flo, Allstate’s Mayhem, or Jake from State Farm, there is a … Read more
NASAA NEWS FOR IMMEDIATE RELEASE NASAA Highlights Top Investor Threats for 2023 WASHINGTON, D.C. – The North American Securities Administrators Association (NASAA) today released its annual list of top threats to retail investors. This year, the most critical threats include financial scams tied to emerging technologies, marketing tactics designed to play on emotions, and further … Read more
FORSYTH — When you pay your insurance premium, you shouldn’t have to worry about whether you’re covered. But in Forsyth, many are finding they actually aren’t covered, even after paying their premiums in full. Kileen Hagadone, a Forsyth woman, had her insurance producer license temporarily suspended by Montana State Insurance Commissioner Troy Downing on April 6. Her … Read more
By Mike SmithMontana Standard A second homicide trial stemming from a bounty hunt that turned fatal in Butte has been postponed and prosecutors now want to try both defendants at the same time. Prosecutors have charged Nicholas John Jaeger and bondsman Jay Steven Hubber, both 34, with deliberate homicide and aggravated burglary, saying their reckless … Read more
By: Mike SmithMontana Standard A bill designed to curb reckless and dangerous bounty-hunting tactics in Montana has advanced to the state Senate and backers say it’s likely to pass in the coming days. It passed the House on an 83-17 vote in late January, was endorsed by the Senate Business, Labor and Economic Affairs on … Read more
Commissioner Troy Downing has suspended the insurance producer licenses of Kileen Moria Hadagone (License #106679) and Rosebud County Insurance Inc. (RCII). Downing is the Montana Commissioner of Securities and Insurance, Montana State Auditor (CSI). The licenses were suspended after it was determined that public safety and welfare required immediate emergency action, said a press release. … Read more
Robinhood Financial Failed Montana Investors Helena, Mont.- Montana Commissioner of Securities and Insurance Troy Downing announced today that CSI joined a multi-state settlement with Robinhood Financial LLC. As part of the settlement, Robinhood agreed to pay $10.2 million in penalties for operational and technical failures that harmed Montana investors. The settlement stems from an investigation spearheaded … Read more
Helena, Mont.- Today, Troy Downing – The Montana Commissioner of Securities and Insurance, Montana State Auditor (CSI) suspended the insurance producer licenses of Kileen Moria Hagadone (License #106679) and Rosebud County Insurance, Inc (RCII) (License #100101036). The Commissioner has determined public safety and welfare requires this immediate emergency action. The Commissioner is also pursuing permanent revocation … Read more
Bad actors are now promoting investment scams that leverage widespread interest in AI FOR IMMEDIATE RELEASE Helena, Montana – Earlier today, the Montana State Auditor and Commissioner of Securities and Insurance joined the Texas State Securities Board and the Alabama Securities Commission in filing enforcement actions to stop a fraudulent artificial intelligence investment scheme. The … Read more