More Montana investors who lost millions in auction rate securities will be getting their money back. Montana State Auditor and Commissioner of Securities Monica Lindeen today announced a settlement with Citigroup Global Markets in regard to action rate securities.
Lindeen Announces $14 Millon Settlement To Resolve Allegations Of Securities Fraud
Montana investors who lost millions to a multi-national securities firm will be getting their money back. Montana State Auditor and Commissioner of Securities Monica Lindeen today announced a settlement with Wachovia Securities, LLC and Wachovia Capital Markets, LLC in regards to auction rate securities (ARS).
State Auditor Monica Lindeen alerts Montanans to new scam targeting the State
State Auditor Monica Lindeen warns consumers to keep a watch out for a new scam. Montanans are receiving fake invoices from School Booster Co., a company from Kennewick, WA, which appear to be bills for a community high school activities calendar.
SAO Takes Enforcement Action Against Two Montana Firms for Bilking Dozens of Montanans in Securities Fraud Scheme
State Auditor and Securities Commissioner Monica Lindeen announced today that a district court judge in Helena has issued a temporary restraining order against Cornerstone Financial Corporation, of Polson, and D&D Property Management and Development, of Belgrade for bilking dozens Montana seniors out of millions in a securities fraud scheme.
Lindeen Blasts Cuts to Health Care for Children and Small Businesses
Today, State Auditor Monica Lindeen blasted the action of legislative budget panels that refused funding for the voter-approved initiative extending health coverage to 29,000 Montana uninsured kids, and refused funding that would allow 600 Montana small businesses and their families to participate in Insure Montana, the successful tax credit and premium assistance program.
Montana State Auditor-elect Monica Lindeen announced on Feb. 6 the appointment of Laura McGee to the position of Assistant Deputy Insurance Commissioner in the State Auditor’s Office.
Lindeen has appointed Browning High School graduate Laura McGee Assistant Deputy Insurance Commissioner.
Lindeen to Meet with Baucus, Tester on Financial Crisis
As Montana victims of the Madoff scam and other investment schemes continue to emerge, Montana State Auditor Monica Lindeen will meet with members of the Montana delegation in Washington D.C. this week to discuss the effects of the financial crisis on Montana investors. Lindeen says the meetings will help ensure that any regulatory reform benefits the Main Street Montana investors who look upon Wall Street, regulators, and lawmakers to help them build and safeguard their financial security.
State Auditor fines Kalispell man $80,000 for Victimizing Two Area Seniors
State Auditor Monica Lindeen announced today that a Kalispell court has upheld the Montana State Auditor’s office order fining a Kalispell man $80,000 for victimizing two elderly women in northwestern Montana. The Eleventh Judicial District Court in Kalispell upheld the Auditor’s order fining former Banker’s Life insurance agent Martin O. Bower. The order also bans Bower from becoming licensed to sell insurance for five years, and bans him from seeking any securities registration or licensure.
Risky ‘Death Futures’ Draw New Fraud Protection Proposal From State Auditor Lindeen
A proposal by State Auditor Monica Lindeen, would help protect Montana investors from what the North American Securities Administrators’ Association (NASAA) calls one of the top 10 investment scams in the country.
Lindeen, Bullock and Juneau Donate Raises to Charity
State Auditor Monica Lindeen, Superintendent of Public Instruction Denise Juneau and Attorney General Steve Bullock announced today that they will donate the pay raises they are scheduled to receive under Montana statute to charity. Under Montana law the salaries of statewide elected officials are tied to the salaries of their counterparts in neighboring states.