Press Release

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

Mark Anthony Biegler Sentenced to Jail and Ordered to Pay Restitution Helena, Mont.- Commissioner Troy Downing announced today that former insurance agent Mark Anthony Biegler has been sentenced in the First Judicial District Court of Lewis and Clark County to 90 days in jail, a 10-year suspended prison sentence, and ordered to pay $150,000 in restitution … Read more

CSI Seeking to Identify Montana Investors in Interest-Bearing Crypto Accounts Helena, Mont.- Commissioner of Securities and Insurance Troy Downing announced today that a settlement in principle has been reached between Nexo Capital, Inc. (Nexo), the SEC, and state regulators around the country. Pursuant to the terms of the settlement, Nexo will pay a fine of approximately $22.5 … Read more

HOW THE NO SURPRISES ACT AFFECTS THE UNINSURED What is the NSA? When it comes to surprise medical bills, it’s the No Surprises Act, originally passed during the Donald Trump Administration, that took effect on January 1, 2022. The No Surprises Act (NSA) protects individuals with private health insurance from surprise medical bills. In other words, … Read more