Montana State Auditor and Commissioner of Securities Monica Lindeen today announced a federal bankruptcy judge has granted a motion to appoint an independent financial examiner to look into a securities case involving 80 Montana investors and $32 million in investments.
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.
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 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.
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.
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.
Lindeen has appointed Browning High School graduate Laura McGee Assistant Deputy Insurance Commissioner.
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 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.
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.