Commissioner of Securities and Insurance Troy Downing approved over $340,000 in restitution payments to victims of Metals.com. The victims, ranging in age from 60 to 77, received payments of $14,676 to $50,000.
“Victims of securities fraud are often left emotionally and financially devastated. Thanks to the Securities Restitution Fund ─ promoted by this agency ─ and the hard work of our team, we were able to offset losses to protect Montana victims.” Commissioner Troy Downing said, “The Securities Restitution Fund has made all the difference in the world for these Montanans. While some states have similar programs, ours uses no taxpayer dollars and is one of the most robust in the nation ─ providing larger awards quickly and with minimal red tape.”