April 26, 2002                                                         Contact:Lucas Hamilton

State Auditor announces creation of Securities Advisory Council Group will focus on promotion of financial literacy in Montana


       State Auditor John Morrison has established a Securities Advisory Council with members of the financial services industry to develop better communication with the industry. The group will focus on effective and efficient regulation, financial literacy education, consumer protection and securities legislation.
      Morrison, Montana's Securities Commissioner, appointed 11 members to the council, representing a variety of interests and geographical areas. The members are:
      Susan J. Borglum LPL Financial Services Great Falls
      Gary Buchanan D.A. Davidson & Co. Billings
      Daniel L. Chamberlin Ponderosa Financial Group Helena
      Ken Colbo Brecek & Young Advisors, Inc. Missoula
      R. Kerry Hatcher First Interstate Financial Services Group Bozeman
      Laura L. Henton Salomon Smith Barney Inc. Bozeman
      Ted Heuchling S.G. Long & Co. Missoula
      Jeff Hoyer Investment Centers of America Libby
      N. Jay Klawon Edward Jones Hamilton
      Bert Regar Treasure State Financial Services Inc. Missoula
      Bill Tierney Dain Rauscher Billings
      
       "We need input from the industry in order to meet our objectives of excellent consumer protection and efficient regulation," Morrison said. "The financial advisers and salespeople on this committee have the practical knowledge and community perspective we need."
       Morrison said the advisory council will be particularly helpful with promotion of capital formation and consumer education in Montana.