Montana Commissioner of Securities and Insurance Monica J. Lindeen announced today that she has been appointed to the North American Securities Administrators Association’s (NASAA) Federal Legislation Committee, a key committee as Congress continues the work of reforming the nation’s financial regulatory system.
LPL Financial Corporation (LPL) will pay nearly $1.3 million in restitution to Montana investors and a fine of $150,000 to the State of Montana under a settlement announced today by Monica Lindeen, Montana Commissioner of Securities and Insurance. The restitution and fine are the resoultion of claims involving the alleged illegal activity of a former LPL registered representative, Donald Chouinard, who allegedly operated a Ponzi scheme in the Kalispell area, and the alleged failure by LPL to supervise Chouinard.
The Commissioner of Securities and Insurance of the Montana State Auditor’s Office today announced it will waive the initial set-up and annual system fees paid by investment adviser firms (IAs) and investment representatives (IARs) to maintain the Investment Adviser Registration Depository (IARD) system.
Hot on the heals of a northeastern Montana consumer education tour, Montana Commissioner of Securities and Insurance Monica Lindeen reminds investors to take stock of their financial education and arm themselves with the knowledge to sidestep this year’s Top Ten Investor Traps.
Today, the Montana Commissioner of Securities and Insurance and ACN, Inc., a direct seller of telecommunications services, announced their resolution of an action alleging that the company was operating in violation of the Montana Securities Act.
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.
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.
Commissioner of Securities and Insurance, Monica Lindeen, today ordered a Great Falls company and its national affiliate to stop advertising and offering high-yield CDs in Montana that do not exist.
Montana Commissioner of Securities and Insurance Monica Lindeen says JP Morgan Chase & Co. will return more than $1.8 million to Montana investors.
ontana Commissioner of Securities and Insurance Monica Lindeen today announced she has successfully negotiated the appointment of a receiver and a preliminary injunction in the district court case against a Polson-based company in an alleged Ponzi-scheme.