MONTPELIER, Vt. — The Vermont Department of Financial Regulation is actively participating in nation-wide efforts to collect and analyze insurance claim information that will provide important insights into property insurance market costs, coverages and …
MONTPELIER, Vt. — Today the Vermont Department of Regulation ordered Sigue Corp. to cease engaging in money transmission activities in Vermont as the company can no longer responsibly serve customers due to its declining financial position. Thirty-nine …
MONTPELIER, Vt. — Today the Vermont Department of Financial Regulation announced the issuance of Bulletin 229, principally adopting the National Association of Insurance Commissioners (NAIC) Model on the Use of Artificial Intelligence (AI) Systems by …
MONTPELIER, Vt., February 16, 2024 — The Vermont Department of Financial Regulation (DFR) recently entered into a settlement with TradeStation Crypto, Inc. (TradeStation) to resolve Vermont’s securities investigation into TradeStation’s crypto interest- …
Montpelier, VT – Last month the Commissioner of Financial Regulation ordered Colomont, Inc. and its former CEO, Christopher Santee, to pay at least $419,000 in restitution to at least 375 individuals to whom Colomont and Mr. Santee sold corporate shares …
MONTPELIER, Vt. — Attorney General Charity Clark and Department of Financial Regulation Commissioner Kevin Gaffney announced today that Vermont, along with five other states, has reached a multistate settlement totaling $6.5 million with Morgan Stanley …
For Immediate Release MONTPELIER, Vt. — The Vermont Department of Financial Regulation (DFR) has joined a North American Securities Administrators Association (NASAA) multi-state settlement with Raymond James & Associates, Inc. and Raymond James …
MONTPELIER, Vt. — Commissioner Kevin Gaffney today announced that the Vermont Department of Financial Regulation and 43 other state financial agencies have reached settlements with ACI Payments, Inc., for erroneously initiating electronic transactions …
For Immediate Release Contact: Victoria Hudson, Information Management Officer | 802-828-4872 | victoria.hudson@vermont.gov MONTPELIER, Vt. — Thousands of Vermonters will be reimbursed by the top three health insurance carriers in the state after a nearly …
For Immediate Release Contact: Victoria Hudson, Information Management Officer | 802-828-4872 | victoria.hudson@vermont.gov MONTPELIER, Vt. — The Vermont Department of Financial Regulation was notified that a large-scale data security breach has …
May 11, 2023 – DFR Commissioner Kevin Gaffney announced the recent appointments of Amanda Smith and Aaron Ferenc as deputy commissioners of the securities and banking divisions within the Department of Financial Regulation. In November 2022, then-Director …
Montpelier, Vt. – Governor Phil Scott and Department of Financial Regulation (DFR) Commissioner Kevin Gaffney today announced that Vermont businesses will see another rate decrease in workers’ compensation insurance in 2023. This will mark the seventh …
Open-Enrollment flyer helps spread the word. Montpelier, VT – With just weeks remaining in this year’s Medicare open enrollment season, the Vermont Department of Financial Regulation reminds Vermonters to educate themselves about the various types of …
Montpelier, VT – The Department of Financial Regulation (DFR) was recently authorized to offer discretionary grants for financial services education initiatives undertaken by public and nonprofit organizations. The grant program is authorized in 9 V.S.A. § …
Montpelier, VT – The Department of Financial Regulation (DFR) was recently authorized to offer discretionary grants for financial services education initiatives undertaken by public and nonprofit organizations. The grant program is authorized in 9 V.S.A. § …
Montpelier, Vt. - Governor Phil Scott today announced Commissioner Mike Pieciak will be stepping away from his role leading the Vermont Department of Financial Regulation (DFR) next month to pursue other opportunites. Commissioner Pieciak was appointed to …
Montpelier, Vt. - Governor Phil Scott today announced Commissioner Mike Pieciak will be stepping away from his role leading the Vermont Department of Financial Regulation (DFR) next month to pursue other opportunites. Commissioner Pieciak was appointed to …
Montpelier, VT – Commissioner Michael S. Pieciak today announced that the Vermont Department of Financial Regulation (DFR) has reached an agreement with Acadia Insurance Company. Under the terms of the settlement, the company will pay an administrative …
Montpelier, VT – Commissioner Michael S. Pieciak today announced that the Vermont Department of Financial Regulation (DFR) has reached an agreement with Acadia Insurance Company. Under the terms of the settlement, the company will pay an administrative …
Montpelier, VT – Commissioner Michael S. Pieciak today announced that he has approved the first-ever payment from Department of Financial Regulation’s (DFR) Victim Restitution Fund. Under recent legislative authority, Act No. 57 of 2019, the Fund allows …
