Louisville investment adviser ordered to pay more than $830,000 is restitution for fraudulent activity

The Department of Financial Institutions (DFI) announced Tuesday that it has entered a Final Order to stop fraudulent activity by an investment adviser representative and his firm. The respondents have been ordered to pay more than $830,000 in restitution and $575,000 in fines. DFI stated that Louisville investment adviser representative Derek Burcham and his firm, Cornerstone Benefit Advisors LLC,...

Many Kentuckians with Obamacare plans received premium notices that over-estimated costs for 2018

By Melissa Patrick Kentucky Health News With a shortened enrollment period, huge cuts in advertising and in-person assistance, and ongoing efforts to repeal and replace the federal health law, it’s no wonder many Americans are confused about whether they can or should sign up for health coverage on government marketplaces this year. Perhaps the most basic facts are these: The Patient Protection...

Community Banking in 21st Century report details trends among community banks across Kentucky

The Kentucky Department of Financial Institutions (DFI) joins the Conference of State Bank Supervisors (CSBS) and the Federal Reserve in releasing an annual report that features the findings of a nationwide survey on community banking. In the report, Kentucky bankers shared insights and concerns about the economy, competition and regulatory burden. The report was released in conjunction with the Community...

Kentucky selected to host 2019 NCSLA annual conference; 500 expected to attend national event

Kentucky was front-and-center at last week’s National Conference of State Liquor Administrators (NCSLA) meeting in Denver, when the Commonwealth was selected to host the group’s 2019 annual conference. Kentucky beat Kansas to host the conference, which is expected to bring approximately 500 visitors to the state for four days. Department of Alcoholic Beverage Control (ABC) Commissioner Christine...

Kentucky Horse Racing Commission reaches agreement in out-of-competition sample violation

The Kentucky Horse Racing Commission (KHRC) has reached an agreement with horse trainer and owner Otabek Umarov for a five-year suspension and $5,000 fine following his refusal to comply with equine drug testing regulations. On April 30, 2016, Umarov prevented Commission personnel from collecting an out-of-competition sample from his horse, Looks to Spare, at Churchill Downs. State regulations permit...

Kentucky State Police raffling Jeep Wrangler to support Trooper Island Camp for children

To support its Trooper Island Camp for underprivileged children, the Kentucky State Police is selling raffle tickets for a chance to win a new 2017 Jeep Wrangler Sahara Winter Edition 4×4, an iconic U.S. brand that shares the same heritage as the vehicle American GIs rode to victory in World War II. Its features include Rhino clear coat exterior paint and black interior, four-door design with...

SmackDown Live is coming to Louisville’s KFC Yum! Center; first WWE event in Kentucky since 2010

WWE’s SmackDown Live is coming to Louisville. The event will be held at the KFC Yum! Center on Tuesday, April 18 and marks the return of live, televised professional wrestling events in the Commonwealth. SmackDown will be the first major televised combat sporting event in Kentucky since Gov. Matt Bevin streamlined the state’s boxing and wrestling regulations last November as part of the Red Tape...

Alcoholic Beverage Control responds to industry growth to focus on service, streamlining applications

Kentucky’s alcohol landscape is changing, and the Department of Alcoholic Beverage Control (ABC) works daily to ensure that it matches industry growth with exceptional and efficient customer service. ABC is responding to changing industry and licensing demands by streamlining procedures and improving internal operations to better assist applicants and licensees. Senate Bill 11, which was signed...

Cyber Con artists will do anything to earn your trust; you need to be suspicious and here are some tips

In financial fraud, the con artists may not be obvious – they may look like just about anyone, and they will do anything they can to gain your trust. But in the online world, the cyber con artists have the ability to look like whoever they want – even masquerading as someone you know to trick you into falling for their attacks.   October is National Cyber Security Awareness Month. The Financial...

Letcher County native Christy Trout named first woman Alcoholic Beverage Control commissioner

A native of Letcher County will lead the state agency that regulates Kentucky’s alcohol industry and enforces alcohol laws throughout the Commonwealth. Christy Trout is the first woman to serve as commissioner of the Kentucky Department of Alcoholic Beverage Control (ABC). Public Protection Cabinet Secretary David A. Dickerson announced Trout’s appointment Friday. Christy Trout “Christy...

Vido named new director for enforcement at state Department for Alcoholic Beverage Control

Public Protection Cabinet (PPC) Secretary David A. Dickerson has named Paul Joseph Vido as the director of the Division of Enforcement at the Department of Alcoholic Beverage Control (ABC). Vido was the Special Agent in Charge at the Louisville Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) from 2006 until his retirement in 2012. He administered all ATF investigations and regulatory operations...

Kentucky Horse Racing Commission sets committee structures, membership assignments

The Kentucky Horse Racing Commission (KHRC) announced the committee structure and members for the upcoming fiscal year, July 1, 2016 – June 30, 2017. Some committees are established by statute or regulation and others are ad-hoc, but in every case, all committee meetings will be held in accordance with the Open Meetings Act. “We are fortunate to have such a knowledgeable, experienced and dedicated...

Public Protection Cabinet names members for KBWC Medical Advisory Panel

Saying “the health and safety of competitors in boxing, wrestling, and mixed martial arts events is too important to ignore,” Public Protection Cabinet (PPC) Secretary David A. Dickerson has appointed four highly regarded physicians to the Kentucky Boxing and Wrestling Medical Advisory Panel. The panel is charged with providing advice and guidance to the Kentucky Boxing and Wrestling Commission...

Bevin announces new Boxing and Wrestling Commission, will have more ‘focused vision’

Kentucky Governor Matt Bevin announced the creation of the Kentucky Boxing and Wrestling Commission and the Kentucky Boxing and Wrestling Commission Medical Advisory Panel. The commission and medical advisory panel replace the Kentucky Boxing and Wrestling Authority and the authority’s medical advisory panel. Bevin’s order states the new commission will have a more “focused vision on unleashing...

UnitedHealth Group to stop offering state insurance plans through Affordable Care marketplace

UnitedHealth Group Inc. won’t be participating in Kentucky’s individual insurance plans offered through the Affordable Care Act marketplace next year, which could leave about 20 percent of the state with just one insurer to choose from for next year and another 22 percent with only two choices, according to an analysis by the Kaiser Family Foundation. Including Kentucky, this brings the...