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Consumer Protection & Education News

A list of news releases related to consumer protection and education.

Results 1 - 10  (76 total results)

  • The Minnesota Commerce Department reminds consumers to be safe and shop smart to avoid dangerous toys and products this holiday season
    November 25, 2014 - SAINT PAUL – As shoppers start making their holiday lists, the Minnesota Department of Commerce reminds families to stay vigilant about toys and product safety. Be safe and shop smart to keep dangerous toys and products away from your family this holiday season, and all year round.
  • Minnesota Department of Commerce Highlights Tips for National Save for Retirement Week
    October 22, 2014 - SAINT PAUL, MN – Fifty percent of Americans are not actively planning for retirement. Thirty-one percent of Americans have no retirement savings at all, including 19 percent of those close to retirement. The Minnesota Department of Commerce is encouraging Minnesotans to take steps to start saving during National Save for Retirement Week.
  • Minnesota Department of Commerce Releases Cybersecurity Survey Findings for Mid-Sized Investment Advisors
    October 20, 2014 - SAINT PAUL, MN - The Minnesota Department of Commerce has released results of a survey it conducted to better understand cybersecurity practices of state-registered investment advisers. The survey was conducted in conjunction with the North American Securities Administration Association (NASAA), of which Minnesota is a member.
  • Commerce Department Investigation Reverses Foreclosure, Saves Home
    September 02, 2014 - SAINT PAUL, MN – A Minnesota Department of Commerce investigation resulted in reversing a foreclosure sale of a property owned by a Minnesota couple. Additionally, the Commerce Department ordered Kyanite Services Inc., previously known as Seterus Inc., to provide proof it had rescinded the November 2013 foreclosure sale.
  • Commerce Department Investigation Unearths Multiple Allegations against Criminal Coin Dealer
    August 13, 2014 - SAINT PAUL, MN – A Minnesota Department of Commerce investigation of Wholesale Assets Worldwide, LLC (WAW), a company engaged in coin and precious metal dealings, and Dennis Charles Helmer has been cited in an indictment by the United States Attorney on 19 counts of wire fraud. This is the first significant investigation into allegations of bullion coin-related criminal conduct since the State of Minnesota was the first to pass legislation in 2013 to clean up various segments of the coin industry that has been plagued with unscrupulous business practices.
  • U.S. Department of the Treasury and Minnesota Commerce Department team up to promote retirement savings
    August 11, 2014 - National statistics indicate that more than 9 out of 10 working-age households are not saving enough for retirement. It is reported that roughly half of those people have not yet started to save. As part of the Minnesota Department of Commerce’s ongoing commitment to change that trend through financial literacy and capability, Commissioner Mike Rothman joined the U.S. Department of the Treasury Under Secretary for Domestic Finance Mary Miller today in introducing the myRA program at an informational event at the Mall of America to get Minnesotans saving.
  • Investment Advisor Indicted for Defrauding Investors for more than $10 Million
    August 06, 2014 - United States Attorney Andrew M. Luger today announced the indictment of SEAN MEADOWS, 41, for using his financial planning and asset management firm, Meadows Financial Group (MFG), to operate a Ponzi scheme and fraudulently obtain at least $10 million from at least 50 victims. The defendant is charged with Mail Fraud, Wire Fraud, and Money Laundering offenses. The charges contained in the indictment are merely accusations, and the defendant is presumed innocent unless and until proven guilty.
  • Farmfest 2014: Commerce Department “Here to Help” Minnesota’s Farm Families and Businesses
    August 05, 2014 - The Minnesota Department of Commerce returns to Farmfest this year, with more information relevant to rural Minnesota economies than ever before. The Commerce Department booth is located in the Agriculture Tents, where Commerce staff will be on hand to answer questions about the following topics affecting farmers, their families and agricultural industries:
  • Commerce, Minnesota Housing partner to create more energy efficiency loan opportunities
    July 24, 2014 - SAINT PAUL, MN – Minnesota consumers now have a new energy efficiency home improvement loan program that allows more people to access low-interest, unsecured loans and make important energy efficiency upgrades, thanks to a partnership of the Minnesota Department of Commerce and Minnesota Housing Finance Agency.
  • Commerce Department takes action and fines investment advisor operating a Ponzi-scheme targeting elderly investors
    July 23, 2014 - SAINT PAUL, MN – The Minnesota Department of Commerce ordered Mark Holt, a licensed investment advisor, insurance agent, and attorney, to stop engaging in securities related activity and to pay a $300,000 civil penalty for defrauding multiple investors, many of whom are senior citizens, as part of a Ponzi scheme. The findings of fact issued by the Department allege that Holt misled his clients, usually retirees and the elderly who indicated that they specifically invested their money with him due to his standing as a licensed attorney.
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