Home

Investor Advisory: Celebrity Endorsements

Tuesday, August 15, 2023

Categories: Investor Alerts and Advisories

Influencers and celebrities may be paid to endorse an investment product, or their likeness may be used by scammers to create fake endorsements. Be wary of investment endorsements from celebrities or professional athletes on TV, radio, news sites or social media.

Order: Ireland & Sando LLC, and Michael J. Rydell

Thursday, July 27, 2023

Categories: Enforcement Actions

Cease and Desist Order, Notice of and Order for Civil Penalties, Order for Rescission, and Notice of Right to Request a Hearing

Securities Commissioner orders Ireland & Sando and Michael J. Rydell to cease and desist from the sale of unregistered securities and acting as an unregistered securities agent and investment adviser representative

Thursday, July 27, 2023

Categories: Enforcement Actions

Securities Commissioner orders Bradley J. Stroup and AMS Holdings to cease and desist from the sale of unregistered securities

Wednesday, July 19, 2023

Categories: Enforcement Actions

AMS Holdings LLC, and Bradley J. Stroup

Wednesday, July 19, 2023

Categories: Enforcement Actions

Cease and Desist Order, Notice of Civil Penalties, Order for Rescission, and Notice of Right to Request a Hearing

North Dakota Securities Department Joins Multiple States in $10 Million Settlement with Robinhood for Failing Investors

Wednesday, July 12, 2023

Categories: Enforcement Actions

Robinhood Financial LLC

Wednesday, July 12, 2023

Categories: Enforcement Actions

Administrative Consent Order

North Dakota Securities Department Recognizes June 15 as World Elder Abuse Awareness Day

Wednesday, June 14, 2023

Categories: Investor Alerts and Advisories

Agridime LLC, a Texas limited liability company, and Joshua Link

Thursday, May 25, 2023

Categories: Enforcement Actions

Cease and Desist Order, Notice of Civil Penalty, and Notice of Right to Request a Hearing

Cattle Company Ordered to Stop Selling Unregistered Securities

Thursday, May 25, 2023

Categories: Enforcement Actions

Eleventh Grader Dominic Meier Places First in North Dakota in the SIFMA Foundation’s Fall 2022 National InvestWrite® Competition

Tuesday, May 23, 2023

Informed Investor Advisory: Account Takeover Fraud

Thursday, April 27, 2023

Categories: Investor Alerts and Advisories

Account takeover (ATO) fraud occurs when a bad actor gains unauthorized entry to an investor’s account, which enables them to conduct fraudulent financial transactions. They will often use compromised security information (e.g., logins and passwords) to access bank and brokerage accounts for the purpose of conducting illegal funds transfers, retail purchases, and trading activity.

Securities Commissioner orders Michael Kuntz, National Sports Opportunity Partners, Jeremy L. Carlson, and Jamieson Capital Financial to cease and desist from sale of over $25 million in unregistered securities and misappropriation of investor funds

Monday, April 24, 2023

Categories: Enforcement Actions

National Sports Opportunity Partners LLC, a/k/a the trade name, National Sports Opportunity, LLC, Michael R. Kuntz, Jamieson Capital Financial LLC, and Jeremy L. Carlson

Monday, April 24, 2023

Categories: Enforcement Actions

Findings of Fact, Conclusions of Law, Cease and Desist Order, Notice of and Order for Rescission, Notice of and Order for Civil Penalties, Notice of Reservation of Commissioner's Authority to Amend Order, and Notice of Right to Request a Hearing

Securities Commissioner Issues Final Order in Fee-For-Funding Fraud

Friday, February 10, 2023

Final Order: Bio-Sunn Technologies, Inc., Lewis Bauer, Equity Fund International (EFI), Inc., and Christopher Williams

Thursday, February 9, 2023

Categories: Enforcement Actions

Findings of Fact, Conclusions of Law, and Final Order

Consent Order: Nexo Capital, Inc.

Monday, February 6, 2023

Categories: Enforcement Actions

North Dakota Joins $22.5 Million Multistate Securities Settlement Against Crypto Platform Nexo Capital

Monday, February 6, 2023

Securities Commissioner Orders Jeremy L. Carlson and Jamieson Capital Financial to Cease and Desist from Violating Previous Orders, Assesses Civil Penalties, Orders Rescission of Private Fund Investments

Thursday, December 22, 2022 at 11:00 pm

Enforcement Order: Jamieson Capital Financial LLC, a North Dakota Limited Liability Company, and Jeremy L. Carlson

Thursday, December 22, 2022

Categories: Enforcement Actions

Findings of Fact, Conclusions of Law, Cease and Desist Order, Notice of and Order for Rescission, Notice of and Order for Civil Penalties, Notice of Reservation of Commissioner's Authority to Amend Order, and Notice of Right to Request a Hearing

8 Beginner Investment Tips for Students

Friday, November 4, 2022

Categories: Investor Alerts and Advisories

One of the best ways to build wealth is by saving and investing over a long period of time. The earlier you start, the easier it is for your money to grow. Opening your first investment account is a key step in beginning your investment journey. Here are some important investment tips from the North Dakota Securities Department to consider when opening any investment account.

Investor Advisory: Investment Scams in the Metaverse

Thursday, October 13, 2022

Categories: Investor Alerts and Advisories

With advances in technology including more enhanced digital experiences that blur the line between the physical and digital worlds, the future has arrived in the form of the “metaverse.” A series of virtual worlds, the metaverse is the latest technology that offers new ways to interact and collaborate, and with that, new ways to perpetrate financial scams and investment fraud. This alert highlights some current metaverse investment scams and provides tips for investors to protect themselves.

Investor Advisory: "Finfluencers"

Thursday, September 22, 2022

Categories: Investor Alerts and Advisories

With stock market volatility dominating Main Street news headlines since early 2020, interest in investing has seen a dramatic increase. According to Bloomberg News, downloads of investment apps rose by 20% in 2021 from the year prior while actual time spent on these apps jumped by 90%. Most Millennials and Gen Z-ers are using social media sources for information about investing rather than relying on more traditional sources of investing information such as brokerage or investment advisory firms, or regulatory agencies.

Influencers have taken notice, and social media has become more saturated with financial content than ever before, leading to the rise of the financial influencer, or “finfluencer.” Viral videos claiming that an investment opportunity will “go to the moon this year!” have proliferated, as have social media postings promoting easy plans for paying off your house, car, or student loan debt using language such as “Five easy tricks to financial freedom.”

This investor advisory explains what financial influencers are, how they are compensated, what you should keep in mind when you are exposed to financial influencers’ content, red flags to watch out for, and resources available to you.

Investor Advisory: Promissory Notes

Thursday, August 4, 2022

Categories: Investor Alerts and Advisories

Promissory notes can be appropriate investments for certain investors. However, promissory notes that are sold broadly to individual investors are often scams and are a leading source of investor complaints received by securities regulators.

Securities Commissioner Orders Michael Kuntz, National Sports Opportunity Partners, LLC, Icon Investment Group, LLC, and Leftfield Development, LLC to Cease and Desist from the Sale of Unregistered Promissory Notes and to Repay Investor Funds

Monday, August 1, 2022

National Sports Opportunity Partners LLC, a/k/a the trade name, National Sports Opportunity LLC, ICON Investment Group, LLC, Leftfield Development, LLC, and Michael Kuntz

Friday, July 29, 2022

Categories: Enforcement Actions

Cease and Desist Order, Notice of Civil Penalties, Order for Rescission, and Notice of Right to Request a Hearing

Investor Advisory: Private Placement Investments

Tuesday, July 26, 2022

Categories: Investor Alerts and Advisories

A private placement is a securities offering that is not required by law to be registered with federal or state securities regulators. Private placements allow companies to sell stocks, bonds, or other securities to investors without completing the rigorous disclosures necessary in a registered offering.

Jamieson CAPEX Fund, LLC, Jamieson Medical, LLC, Jamieson Natural Resources Fund, LLC, Nova DC, LLC, Secure Income Fund, LLC, Jamieson Legacy Fund, LLC, Mainstreet Investment Partners, LLC, National Sports Capital, LLC, and Jeremy L. Carlson

Monday, July 18, 2022

Categories: Enforcement Actions

Stop Order Summarily Suspending the Offer and Sale of Federal Covered Securities, Cease and Desist Order, Notice of Civil Penalties, and Notice of Right to Request a Hearing

Jamieson Capital Financial, LLC, a North Dakota limited liability company, and Jeremy L. Carlson

Monday, July 18, 2022

Categories: Enforcement Actions

Findings of Fact, Conclusions of Law, Order to Summarily Suspend Investment Adviser Registration, Notice of Proposed Order to Revoke Investment Adviser Registration, Cease and Desist Order, Notice of Civil Penalties, Order for Rescission, Notice of Reservation of Commissioner's Authority to Amend Order, and Notice of Right to Request a Hearing

Securities Commissioner Suspends Registration of Fargo Investment Adviser Jamieson Capital Financial, Orders Firm and Jeremy L. Carlson to Cease and Desist from Violations of Securities Laws

Monday, July 18, 2022

Bankers Life and Casualty Company and BLC Financial Services, Inc. - Amendment to Consent Order

Thursday, July 14, 2022

Categories: Enforcement Actions

Investor Advisory: Credit Ratings

Wednesday, July 13, 2022

Categories: Investor Alerts and Advisories

With interest rates on the rise, more investors may be considering an investment in bonds or bond funds, and in researching alternatives or talking to a financial adviser, may have come across bond credit ratings. Credit ratings usually appear in the form of alphabetical letter grades (for example, ‘AAA’ and ‘BBB’) and are an estimate of the relative level of credit risk of a bond, company or government. Credit ratings are issued by third parties and are not an assessment by the issuer of the bond or by securities regulators.

Credit ratings can be useful when evaluating an investment. But when considering credit ratings, you should understand their limitations. You should not base your investment decision solely on a credit rating or treat a credit rating as if it were investment advice.

The North Dakota Securities Department Recognizes June 15 as World Elder Abuse Awareness Day

Tuesday, June 14, 2022

Categories: Investor Alerts and Advisories

In recognition of World Elder Abuse Awareness Day on June 15, the North Dakota Securities Department reminds financial professionals and the public throughout North Dakota to be on the lookout for signs of elder financial abuse.

Governor Burgum Issues Proclamation Recognizing World Elder Abuse Awareness Day on June 15

Monday, June 13, 2022

Categories: Investor Alerts and Advisories

Governor Burgum Issues Proclamation Recognizing World Elder Abuse Awareness Day on June 15.

Investor Advisory: ESG Investing

Friday, June 3, 2022

Categories: Investor Alerts and Advisories

Many investors are becoming more conscious of whether a company in which they are investing has considered environmental, social and governance (ESG) factors. This is resulting in an investor-driven push to get corporate managers to pay greater attention to ESG issues. Some corporations are responding by altering their management philosophies and business plans.

Investor Advisory: Romance Scams

Tuesday, May 10, 2022

Categories: Investor Alerts and Advisories

Don't get swept away by a romance scam.

Dating apps and social media platforms may be a popular way to meet new people, but be cautious if someone turns an online romance into an opportunity to solicit an investment or asks to borrow money. Scammers are increasingly posing as potential romantic partners to lure people into fraudulent investment schemes. This alert discusses common tactics fraudsters use in investment-related romance scams and gives you steps to take to protect yourself from these schemes.

BlockFi Lending LLC - Consent Order

Friday, April 22, 2022 at 12:01 pm

Categories: Enforcement Actions

Investor Advisory: Social Media, Online Trading and Investing

Monday, April 18, 2022

Categories: Investor Alerts and Advisories

In our digitally connected world, some investors turn to online chatrooms and social media platforms for information about investing or specific investment opportunities. And with today’s trading technology, it’s easy to go from zero to invested in a matter of minutes. Phone apps can turn inexperienced investors into day traders, and online investment chat forums make it easy to use these sources for investment advice rather than relying on the services of a registered investment professional. While ever-evolving financial technology innovation makes investing more accessible to greater numbers of people, investors must understand the risks created when financial innovation and social media intersect.

Investor Advisory: Reassigned Investment Accounts

Tuesday, April 5, 2022

Categories: Investor Alerts and Advisories

The relationship you have with your investment professional is a key element to meeting your long-term financial goals.

If your stockbroker or investment adviser representative leaves his or her employer, you should make sure that you understand how and why it happened. It could be as simple as a move to another city or retirement, but there could be other reasons too. It is critical to find out what happened before deciding who will help you with your investments going forward. After all, it’s your money and your financial future.

Investor Advisory: Crypto Asset Interest-Bearing Accounts

Tuesday, April 5, 2022

Categories: Investor Alerts and Advisories

Crypto assets, including cryptocurrencies, stablecoins, tokens, and other digital assets have been of increasing interest to individual investors over the last few years. This Investor Advisory highlights the risks that may be involved in a new financial product related to crypto assets—an interest-bearing account for crypto asset holdings.

The North Dakota Securities Department Joins with 31 Other State Securities Regulators and the US Securities and Exchange Commission to Settle with Digital Asset Lending Platform BlockFi for $100 Million for Sales of Unregistered Securities

Monday, February 14, 2022

State Securities Regulators and CFTC collaborate to Stop $68 Million Precious Metals Scheme that Targeted the Elderly

Tuesday, February 8, 2022

Securities Regulators Announce Top Investor Threats for 2022

Tuesday, January 25, 2022

Categories: Investor Alerts and Advisories

The North Dakota Securities Department has released its annual list of top investor threats and urges caution before purchasing popular and volatile unregulated investments – especially those involving cryptocurrency and digital assets. Along with the list of top investor threats, the Department also provides guidance for investors, including steps to take to protect against fraud in the new year.

Bank to the Future: Decentralized Finance (DeFi) Defined

Friday, January 14, 2022

Categories: Investor Alerts and Advisories

As part of its ongoing effort to raise investor awareness, the North Dakota Securities Department has issued an investor advisory discussing Decentralized Finance (DeFi), a relatively new blockchain-based set of financial products and services.

Bio-Sunn Technologies, Inc., a North Dakota Corporation, Lewis Bauer, Equity Fund International (EFI), Inc., a Georgia Corporation, and Christopher Williams - Cease and Desist, Civil Penalty, Rescission Order

Wednesday, December 1, 2021

Categories: Enforcement Actions

Securities Regulators Urge Investors to Establish a Trusted Contact to Increase Investor Protection

Tuesday, November 30, 2021 at 03:00 pm

Categories: Investor Alerts and Advisories

In a combined effort to provide additional protection for investors, FINRA and the North American Securities Administrators Association (NASAA), of which the North Dakota Securities Department is a member, have announced a new campaign urging investors to provide their financial firms with a trusted contact. The U.S. Securities and Exchange Commission’s Office of Investor Education and Advocacy (SEC OIEA) is also collaborating on this initiative.

Are you an informed investor? Expense Ratios

Tuesday, June 1, 2021

Categories: Investor Alerts and Advisories

Mutual funds and exchange traded funds (ETFs) offer investors a cost-efficient way to invest in professionally managed portfolios of securities. While it is often tempting to make a purchase based on a fund’s historical performance, informed investors know that past performance is no guarantee of future performance, and that they must review a fund’s prospectus, shareholder reports and portfolio holdings to see if the fund’s risk/return profile aligns with theirs. An informed investor will pay particular attention to a fund’s expense ratio, which, over time, can eat into a fund’s earnings significantly.

Fiduciary Investment Funds, Fiduciary Investment Services, LLC & Mark G. Wagner - Consent Order

Thursday, February 18, 2021

Categories: Enforcement Actions

Los Angeles Precious Metals Dealers Charged by CFTC and State Regulators with $185 Million Fraud Targeting the Elderly

Tuesday, September 29, 2020

Fundrise Entities - Consent Order & Consent to Entry of Order

Friday, July 24, 2020

Categories: Enforcement Actions

LendingClub Corporation - Consent Order & Consent to Entry of Order

Tuesday, July 14, 2020

Categories: Enforcement Actions

Solium Financial Services LLC - Consent Order

Monday, June 22, 2020

Categories: Enforcement Actions

Notice Regarding Historical Financial Performance Representations During the COVID-19 Pandemic

Friday, June 19, 2020

BISMARCK, ND (June 17, 2020) – The Securities Department is issuing this notice to inform franchisors and their counsel that the Department will be following the guidance recently issued by the NASAA Franchise Project Group regarding historical financial performance representations (“FPRs”) in light of the fact that the COVID-19 pandemic has significantly impacted many franchise systems.

ND Securities Department Recognizes World Elder Abuse Awareness Day: Warns of Risks of Investment Fraud Among Seniors Due to Increased Isolation During COVID-19

Thursday, June 11, 2020

REVISED ORDER MANDATING ELECTRONIC FILINGS

Monday, June 8, 2020

In the Matter of: Electronic Filing of Securities Registration Applications, Notice Filings, and Exemption Filings.

New Franchise Disclosure Handbook Available from NASAA

Monday, May 11, 2020

WASHINGTON, D.C. (May 8, 2020) – The North American Securities Administrators Association (NASAA) today announced the availability of a new publication designed to improve the quality of franchise disclosures.

The 366-page Franchise Disclosure Document Handbook: A Resource Guide for Preparing a Franchise Disclosure Document is a compilation of the various rules, commentaries, and guidance from the Federal Trade Commission and NASAA governing the preparation of Franchise Disclosure Documents.

ORDER MANDATING ELECTRONIC FILINGS

Tuesday, May 5, 2020

***PLEASE NOTE: THIS ORDER HAS BEEN REVISED EFFECTIVE JUNE 8, 2020***

In the Matter of: Electronic Filing of Securities Registration Applications, Notice Filings, and Exemption Filings.

ORDER MANDATING ELECTRONIC FILINGS

COVID-19-RELATED INVESTMENT SCHEMES ANTICIPATED: State Securities Regulators Outline Fraud Expectations, Provide Investor Protection Guidance

Friday, April 17, 2020

Bismarck ND – Amid the ongoing COVID-19 pandemic, securities regulators continue to urge investors to be on guard against an anticipated surge of fraudulent investment schemes.

COVID-19-RELATED INVESTMENT SCHEMES ANTICIPATED: State Securities Regulators Outline Fraud Expectations, Provide Investor Protection Guidance

Monday, April 13, 2020

Categories: Investor Alerts and Advisories

Bismarck ND – Amid the ongoing COVID-19 pandemic, securities regulators continue to urge investors to be on guard against an anticipated surge of fraudulent investment schemes.

Emergency Notice No. 2020-03 Temporary Relief from Notary Attestation for Registants and Other Filers Affected by the COVID-19 Outbreak Granted by the Commissioner

Thursday, April 2, 2020

EMERGENCY NOTICE No. 2020-03 | April 2, 2020

Temporary Relief from Notary Attestation for Registrants and Other Filers Affected by the COVID-19 Outbreak Granted by the Commissioner under N.D.C.C. § 10-04-03(2)

The North Dakota Securities Commissioner understands that registrants and other filers may not be able to obtain notary attestation at this time.

EMERGENCY NOTICE No. 2020-02 Temporary Relief for Franchise Registrants Affected by the COVID19 Outbreak Granted

Monday, March 30, 2020

EMERGENCY NOTICE No. 2020-01 Temporary Relief for Registrants Affected by the COVID-19 Outbreak Granted by the Commissioner under NDCC 10-04-03(2)

Friday, March 27, 2020

I. Relief from Requirement to Obtain Physical Signatures on Forms U4

II. Relief from Annual Update Filings and Document Delivery Requirements by State-Registered Investment Advisers

ND Securities Department Reminds Investors to Beware of Con Artists Looking to Profit from Fear and Uncertainty

Monday, March 2, 2020

DHA Financial, LLC - Consent Order & Consent to Entry of Order

Monday, March 2, 2020

Categories: Enforcement Actions

Top Investor Threats for 2020

Tuesday, December 24, 2019

Informed Investor Advisory: Affinity Fraud

Tuesday, November 12, 2019

Categories: Investor Alerts and Advisories

Affinity fraud is a fraudulent financial scheme that involves a scammer who is or appears to be part of a community or interest group. The scammer builds trust within the group, and exploits that trust to push fraudulent, non-existent, and too-good-to-be-true investments on other members of the group.

NASAA Releases 2019 Enforcement Report Based on 2018 Data

Wednesday, September 11, 2019

NASAA and SEC Explain Application of Securities Law to Opportunity Zone Investments

Monday, July 22, 2019

North Dakota Securities Department Now Accepting Online Filing for Unit Investment Trusts

Thursday, April 4, 2019

LPL Financial LLC - Consent Order

Saturday, February 9, 2019

Categories: Enforcement Actions

Securities Commissioner Issues Order Against Union Bank Payment Coin

Monday, November 19, 2018

Union Bank Payment Coin, a/k/a UBPC, and its Officers, Directors, Agents, and Employees - Cease and Desist Order

Monday, November 19, 2018

Categories: Enforcement Actions

NASAA Releases Annual Enforcement Report

Wednesday, October 17, 2018

STUDENTS LEARN TO MAKE GOOD FINANCIAL DECISIONS WITH NTC'S DIMES, DOLLARS & DECISIONS

Thursday, October 11, 2018

CacheCoine Corp., and Harlen Lee Ellis - Cease and Desist Order, Notice of Civil Penalty, Notice of Right to Request Hearing

Thursday, October 11, 2018

Categories: Enforcement Actions

SECURITIES COMMISSIONER ISSUES ORDERS AGAINST 3 MORE COMPANIES PROMOTING INITIAL COIN OFFERINGS IN NORTH DAKOTA

Thursday, October 11, 2018

Crystal Token and its Officers, Directors, Agents, and Employees - Cease and Desist Order

Wednesday, October 10, 2018

Categories: Enforcement Actions

Life Cross Coin, a/k/a Lifecrosscoin GmbH, and its Officers, Directors, Agents, and Employees - Cease and Desist Order

Wednesday, October 10, 2018

Categories: Enforcement Actions

Advertiza Holdings (Pty) Ltd, a South African registered company, and its Officers, Directors, Agents, and Employees - Cease and Desist Order

Wednesday, October 10, 2018

Categories: Enforcement Actions

SECURITIES DEPARTMENT ISSUES ORDERS AGAINST COMPANIES PROMOTING INITIAL COIN OFFERINGS IN NORTH DAKOTA

Wednesday, September 26, 2018

Magma Foundation, a/k/a Magma Coin, a/k/a Magma, and their Officers, Directors, Agents, and Employees - Cease and Desist Order

Thursday, September 20, 2018

Categories: Enforcement Actions

Pension Rewards Platform, a/k/a Pension Rewards, and their Officers, Directors, Agents, and Employees - Cease and Desist Order

Thursday, September 20, 2018

Categories: Enforcement Actions

BitConnect LTD and BitConnect International PLC, United Kingdom limited companies, and their Officers, Directors, Agents, and Employees - Cease and Desist Order

Thursday, September 20, 2018

Categories: Enforcement Actions

FBD Ventures II, LLC, and Craig F. Wollenburg - Cease and Desist Order, Order for Rescission, Notice of Right to Request Hearing, Order for Civil Penalty

Friday, June 22, 2018

Categories: Enforcement Actions

What to Know about ICOs

Thursday, May 17, 2018

Categories: Investor Alerts and Advisories

Initial Coin Offerings (ICOs) are attracting investors interested in new trends in technology investing. Regulation of ICOs is evolving and complex.

Be Cautious of the Crypto Investment Craze

Thursday, May 17, 2018

Categories: Investor Alerts and Advisories

Cryptocurrencies burst into the investing mainstream in 2017 as the values of some virtual coins and tokens skyrocketed, led by Bitcoin. Mainstream media now feature daily coverage of new cryptocurrencies, coin exchanges, and related investment products.

Main Street Hospitality, LLC, and Robert Pagan - Consent to Entry of Order, Consent Order

Monday, May 14, 2018

Categories: Enforcement Actions

SECURITIES COMMISSIONER ANNOUNCES ADDITIONAL $596,000 IN REPAYMENT FOR WANNER PONZI VICTIMS

Thursday, March 29, 2018

Main Street Hospitality, LLC, and Robert Pagan - Cease and Desist Order, Order for Rescission, Notice of Right to Request Hearing, Order for Civil Penalty

Thursday, March 8, 2018

Categories: Enforcement Actions

H. Michael Hardy, RSE, Inc., and Hardy Management Group, LLC - Consent Order

Monday, February 26, 2018

Categories: Enforcement Actions

Securities Commissioner Reminds Investors to Approach Cryptocurrency with Caution

Thursday, January 4, 2018

Categories: Investor Alerts and Advisories

Bismarck, ND, January 4, 2018 — With cryptocurrencies continuing to attract headlines, Securities Commissioner Karen Tyler today reminded North Dakota investors to be cautious about investments involving cryptocurrencies.

Rash Enterprises, LLC, Taylor Rash, and Tom Doll - Cease and Desist Order, Order for Rescission, Notice of Right to Request Hearing, Order for Civil Penalty

Friday, December 15, 2017

Categories: Enforcement Actions

Elements Franchising, LLC and Christopher J. Palumbo - Desist and Refrain Order, Notice of Right to Request Hearing, Order for Civil Penalty

Friday, December 15, 2017

Categories: Enforcement Actions

Pennies to Paychecks Energizes North Dakota Students

Friday, October 27, 2017

Securities Commissioner Announces $2.4 Million Settlement in Wanner Ponzi Scheme

Monday, August 7, 2017

Questar Capital Corporation - Settlement Agreement

Monday, July 31, 2017

Categories: Enforcement Actions

Susan L. Welo, Welo Wealth Management - Cease and Desist Order, Notice of Right to Request Hearing

Friday, July 21, 2017

Categories: Enforcement Actions

Securities Commissioner Issues Cease and Desist Order Against Susan L. Welo

Friday, July 21, 2017

EB-5 Fraud: Immigrant Investors Beware

Tuesday, August 30, 2016

Categories: Investor Alerts and Advisories

In an effort to stimulate the U.S. economy through job creation and capital investment by foreign investors, the U.S. Congress in the early 1990s authorized the creation of a new type of immigrant visa known as the Employment-Based, Fifth Preference (EB-5) visa.

Escheatment: Do You Have Unclaimed Property Sitting with the Government?

Tuesday, August 30, 2016

Categories: Investor Alerts and Advisories

Escheatment is a process whereby the government takes ownership of property, including financial assets, that has been deemed abandoned by the property’s rightful owner. Escheatment of financial accounts typically occurs after a period of account-related dormancy (or “inactivity”) and after attempts to identify and contact the account owners have failed.

SagePoint Financial, Inc. - Consent Agreement

Friday, July 15, 2016

Categories: Enforcement Actions

Douglas E. Arends - Cease and Desist Order, Notice of Civil Penalty, Notice of Right to Request Hearing

Tuesday, July 12, 2016

Categories: Enforcement Actions

First Financial Equity Corporation - Agreement

Monday, June 13, 2016

Categories: Enforcement Actions

Small Business Advisory: Crowdfunding

Thursday, May 26, 2016 at 11:05 am

Categories: Investor Alerts and Advisories

The Jumpstart Our Business Startups (JOBS) Act, a series of legislative provisions intended to facilitate capital formation in the United States, was signed into law in 2012. This legislation included the CROWDFUND Act, which made significant changes to current federal and state securities laws. The CROWDFUND Act allows entrepreneurs to raise capital by offering to sell interests in their businesses over the Internet. Under the CROWDFUND Act, a small business is allowed to raise $1 million in a 12-month period by selling its securities to investors without registering that offering with federal or state securities regulators. However, the Act places limitations on how and to whom a small business can sell its securities. In May 2106, the Securities and Exchange Commission (SEC) issued rules to implement this new exemption to allow securities sales through crowdfunding.

Investor Advisory: Crowdfunding

Thursday, May 26, 2016

Categories: Investor Alerts and Advisories

The Internet has become an inexpensive and easy way for individuals and businesses to raise money. In 2012, Congress passed the JOBS Act, which directed the Securities and Exchange Commission (SEC) to formulate rules to exempt equity crowdfunding from the securities registration laws. These rules went into effect in May, 2016 and removed restrictions on start-up companies that use the internet to find investors.

Master Limited Partnerships: An Introduction

Wednesday, May 18, 2016 at 11:00 am

Categories: Investor Alerts and Advisories

The Securities and Exchange Commission’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to help investors understand Master Limited Partnerships, or MLPs. Because investing in an MLP may be unfamiliar, investors should carefully consider potential benefits – and risks – before making an investment decision.

Pension Advance Scams: Retirees Beware!

Tuesday, April 5, 2016 at 11:00 pm

Categories: Investor Alerts and Advisories

A pension is a type of retirement plan, usually tax-exempt, in which an employee makes contributions toward a pool of funds set aside for an employee’s future benefit. The pool of funds is invested on the employee’s behalf, allowing the employee to receive benefits upon retirement.

Are you earning a pension from your employer and need cash fast?
Are you an investor looking for new ways to grow your investment dollars?

If you answer yes to either question, you may be the target of a new wrinkle on an old type of scam.

North Dakota Securities Department Finalizes Agreement with LPL Financial LLP, Regarding Sales of Non-traded Real Estate Investment Trusts

Wednesday, February 17, 2016

NORTH DAKOTA SECURITIES DEPARTMENT RELEASES TOP INVESTOR THREATS

Wednesday, January 20, 2016

Categories: Human Services

Kevin D. Wanner, Precision Financial Services, Questar Capital Corporation - Order to Revoke the Agent Registration

Thursday, December 31, 2015

Categories: Enforcement Actions

Third-Party Asset Recovery Companies: Are They Advocating for You?

Friday, December 11, 2015 at 11:00 pm

Categories: Investor Alerts and Advisories

Victims of investment scams are wise to use caution if approached by companies promising to help them recover their lost investment funds and bring the perpetrators to "justice." A third-party asset recovery company is a company that charges a fee to assist individuals in recovering money lost in scams. The company claims to gather information on the scam and assist the individual in recovering lost investment dollars. Many of these self-proclaimed recovery companies are not law firms, although they may advertise that they can provide legal assistance. Typically, the targeted investors have lost thousands of dollars, perhaps even their entire life's savings, to fraudulent investment schemes.

Securities Commissioner Orders Cease and Desist and Suspends ND Agent

Monday, December 7, 2015

Bismarck, ND -- North Dakota Securities Commissioner Karen Tyler has ordered Kevin D. Wanner, CRD# 1402627, a Bismarck securities and insurance agent, doing business under the trade name, Precision Financial Services, to Cease and Desist from selling fictitious Certificates of Deposit...

Kevin D. Wanner, Precision Financial Services, Questar Capital Corporation - Proposed Order to Revoke Agent Registration, Cease and Desist Order, Order for Summary Suspension of the Agent Registration, Notice of Right to Request Hearing

Friday, December 4, 2015

Categories: Enforcement Actions

Investor Bulletin: Exchange Traded Notes (ETNs)

Wednesday, December 2, 2015 at 11:01 am

Categories: Investor Alerts and Advisories

The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to educate investors about exchange-traded notes (“ETNs”). ETNs are unsecured debt obligations of financial institutions that trade on a securities exchange. ETN payment terms are linked to the performance of a reference index or benchmark, representing the ETN’s investment objective.

Variable Annuities- An Introduction

Wednesday, December 2, 2015 at 11:00 am

Categories: Investor Alerts and Advisories

The SEC's Office of Investor Education and Advocacy is issuing this bulletin to educate investors about variable annuities and how they work. Variable annuities are complex products, and this Investor Bulletin focuses solely on the basics. For more in-depth information about variable annuities, see our companion publication, Variable Annuities: What You Should Know.

Halcyon Cabot Partners, Ltd. - Order to Revoke the Dealer Registration

Tuesday, November 24, 2015

Categories: Enforcement Actions

Be Wary of The Next Big Thing in Investments

Friday, November 20, 2015 at 11:00 am

Categories: Investor Alerts and Advisories

At first glance, marijuana, binary options, and digital currency appear to have no real connection to one another. But what they all have in common is their recent emergence as three investments that both sellers and buyers hope will become the "next big thing." Before you consider investing, make sure you understand what these products are, their benefits, and their risks.

Cease and Desist issued against Paul De Bastos and North Dakota Bakken Connection

Friday, November 20, 2015

North Dakota Securities Commissioner Karen Tyler has ordered Paul De Bastos and North Dakota Bakken Connection LLC (NDBC) to Cease and Desist from selling unregistered securities, acting as an unregistered broker-dealer or agent, and engaging in fraudulent practices in connection with the offer and sale of securities.

ND Securities Commissioner Cautions Investors to Be Wary of 'The Next Big Thing' When it Comes to Investing

Friday, November 20, 2015

North Dakota Securities Commissioner, Karen Tyler, today issued an advisory reminding investors to be cautious when considering investing in three products recently making news: marijuana-related investments, binary options and digital currency. The advisory is on the North Dakota Securities Department’s website at www.nd.gov/securities.

Halcyon Cabot Partners - Order to Revoke the Dealer Registration, Order for Summary Suspension of the Dealer Registration, Notice of Right to Request Hearing

Monday, October 12, 2015

Categories: Enforcement Actions

Non-traded REITs

Wednesday, September 30, 2015 at 11:00 am

Categories: Investor Alerts and Advisories

The SEC’s Office of Investor Education and Advocacy is issuing this bulletin to educate investors about investing in non-traded REITs

Identity Theft, Data Breaches and Your Investment Accounts

Wednesday, September 30, 2015 at 11:00 am

Categories: Investor Alerts and Advisories

The SEC’s Office of Investor Education and Advocacy is issuing this Investor Alert to provide investors with important steps to take regarding their investment accounts if they become victims of identity theft or a data breach.

NASAA Releases Annual Enforcement Report

Wednesday, September 30, 2015

Report Indicates Seniors Remain a Top Target for Cons

Understanding Broker-Dealer Fees

Friday, September 4, 2015 at 11:00 pm

Categories: Investor Alerts and Advisories

Savvy consumers know it is important to compare prices on similar products to get the best value for their money. Wouldn’t it be nice if the same were true when shopping for a broker-dealer firm to know which is best for you.

Planning for Diminished Capacity and Illness

Thursday, July 16, 2015 at 11:00 am

Categories: Investor Alerts and Advisories

The SEC’s Office of Investor Education and Advocacy and the CFPB’s Office for Older Americans are issuing this bulletin to help investors and consumers understand the potential impact of diminished capacity on their ability to make financial decisions and to encourage investors and consumers to plan for possible diminished financial capacity well before it happens.

Paul De Bastos, North Dakota Bakken Connection, LLC - Cease and Desist Order, Notice of Civil Penalty, Notice of Right to Request Hearing

Tuesday, June 16, 2015

Categories: Enforcement Actions

Panda Trucking, LLC, Daniel E. Jenkins - Consent to Entry of Order, Consent Order

Friday, June 12, 2015

Categories: Enforcement Actions

Automated Investment Tools

Friday, May 8, 2015 at 11:00 am

Categories: Investor Alerts and Advisories

The SEC’s Office of Investor Education and Advocacy (OIEA) and the Financial Industry Regulatory Authority, Inc. (FINRA) are issuing this alert to provide investors with a general overview of automated investment tools.

SECURITIES COMMISSIONER ISSUES CEASE AND DESIST ORDER IN $62 MILLION FRAUD

Wednesday, May 6, 2015

Categories: North Dakota Veterans' Home

North Dakota Developments, LLC, Robert Lee Gavin, Daniel John Hogan - Cease and Desist Order, Notice of Right to Request Hearing

Tuesday, May 5, 2015

Categories: Enforcement Actions

Panda Trucking, LLC, Daniel E. Jenkins - Cease and Desist Order, Order for Rescission, Notice of Right to Request Hearing, Order for Civil Penalty

Monday, January 26, 2015

Categories: Enforcement Actions

Dempsey Lord Smith, LLC - Consent to Entry of Order, Consent Order

Tuesday, January 20, 2015

Categories: Enforcement Actions

Third-Party Custodians of Self-Directed IRAs and Other Qualified Plans

Wednesday, November 26, 2014 at 11:00 am

Categories: Investor Alerts and Advisories

This advisory issued is help investors separate fact from fiction regarding the responsibilities of third-party custodians of self-directed individual retirement accounts (IRAs) and other qualified plans.

HIGH-YIELD INVESTMENT PROGRAMS: Don't Get Roped In

Wednesday, November 26, 2014 at 11:00 am

Categories: Investor Alerts and Advisories

The advisory includes tips to help investors recognize a high-yield investment program and offers steps investors should take to protect themselves from these scams.

Anti-Fraud Event for Seniors

Tuesday, November 25, 2014

Western North Dakota Students Make Sense of Finance With Sketch Comedy

Thursday, October 2, 2014

J. P. Morgan Securities, LLC - Administrative Consent Order

Sunday, August 24, 2014

Categories: Enforcement Actions

Landolt Securities, Inc. - Consent to Entry of Order, Consent Order

Monday, July 28, 2014

Categories: Enforcement Actions

Event: Investment Fraud Seminars to Be Held in 6 Cities

Thursday, July 17, 2014

Virtual Currency

Wednesday, June 11, 2014 at 11:00 am

Categories: Investor Alerts and Advisories

North Dakota Securities Department ISSUES INVESTOR ADVISORY ON VIRTUAL CURRENCY
It pays to know what’s in your e‐Wallet

Social Voucher.com, Inc., Gerald C. Parker - Consent to Entry of Order, Consent Order

Friday, June 6, 2014

Categories: Enforcement Actions

ATEL Securities Corporation - Consent to Entry of Order, Consent Order

Friday, May 9, 2014

Categories: Enforcement Actions

Midwest Gold Company, LLC, Kirk Scott Grace - Cease and Desist Order, Notice of Civil Penalty, Notice of Right to Request Hearing

Friday, March 14, 2014

Categories: Enforcement Actions

Morgan Asset Management, Inc., Morgan Keegan & Company, Inc. - Consent to Entry of Order, Administrative Consent Order

Monday, February 24, 2014

Categories: Enforcement Actions

UBS Financial Services, Inc. - Consent to Entry of Order, Consent Order

Monday, October 14, 2013

Categories: Enforcement Actions

RBC Capital Markets, LLC - Consent to Entry of Order, Administrative Consent Order

Friday, September 27, 2013

Categories: Enforcement Actions

Edwin Brent Lundgren - Order Refusing Registration as an Agent

Friday, September 20, 2013

Categories: Enforcement Actions

Former Fargo Broker Sentenced In Operation of Ponzi Scheme

Friday, September 13, 2013

Robert H. Medhus, a former securities broker who defrauded 18 clients of over $900,000 in a Ponzi-like scheme was sentenced to ten years in prison by Judge Frank Racek today in Fargo’s East Central District Court.

Registration or Licensing Status of Financial Professionals

Sunday, September 1, 2013 at 11:00 am

Categories: Investor Alerts and Advisories

Financial professional titles and licenses are not the same. A financial professional may use various titles whether or not he or she is registered or licensed with a regulatory authority. Financial professionals that are registered as a broker-dealer or investment adviser have obtained registrations and licenses granted by federal or state regulatory authorities. Working with a financial professional who is registered with or licensed by federal or state authorities affords you certain legal protections.

Edwin Brent Lundgren - Order to Summarily Postpone the Approval of Respon, Notice of Civil Penalty, Order Refusing Registration as an Agent, Order for Rescission, Notice of Right to Request Hearing

Tuesday, August 13, 2013

Categories: Enforcement Actions

Energy Investments

Monday, July 1, 2013 at 11:00 am

Categories: Investor Alerts and Advisories

With energy demands and a desire for energy independence increasing globally, investments in traditional and alternative energy resources are being promoted more often and are becoming attractive to more investors. Some examples include: wind turbines, solar panels, biodiesel, ethanol, coal, oil, gas, hydrogen, wave, geothermal, oil sands, and liquefied natural gas. Many of these investments are highly risky and are usually not appropriate for all investors. It is not unusual for unscrupulous promoters to follow the headlines and take advantage of unsuspecting investors by engaging in fraudulent practices.

Promoters sometimes prey on investors interested in socially responsible products by labeling them as “green energy” investment opportunities. The phrase “green energy” implies that the products are ecologically friendly when in fact the promoters may be operating a fraudulent shell company and not producing anything.

Peachtree Partners, Ira J. Gaines - Stop Order Summarily Suspending the Offer and Sale, Notice of Right to Request Hearing

Tuesday, June 11, 2013

Categories: Enforcement Actions

Peachtree Partners, Ira J. Gaines - Order to Suspend Securities Registration, Notice of Right to Request Hearing

Tuesday, May 14, 2013

Categories: Enforcement Actions

Are You an Informed Investor? Financial Service Providers

Wednesday, April 24, 2013 at 11:00 am

Categories: Investor Alerts and Advisories

Whether you are just starting a retirement fund or need additional help with growing and managing your money, you may benefit from selecting an investment services professional. Finding a person who is knowledgeable, affordable, and trustworthy may be a challenging process. This advisory provides basic information on three types of financial services professionals and their obligations to you as a client: broker-dealer agents, investment adviser representatives, and financial planners. An individual professional can hold any of these three credentials or titles, among others.

IT PAYS TO UNDERSTAND THE DIFFERENT ROLES OF FINANCIAL PROFESSIONALS

Tuesday, April 23, 2013

Inland National Securities, Inc., David Theusch - Consent Order

Tuesday, April 16, 2013

Categories: Enforcement Actions

SCOTT BIGGS, A FORMER DICKINSON INSURANCE AGENT CONVICTED AND SENTENCED

Wednesday, April 10, 2013

NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION (NASAA) ISSUES INVESTOR ADVISORY ON PRIVATE PLACEMENT OFFERINGS

Monday, April 8, 2013

It was everything I had

Monday, March 18, 2013

Former North Dakota stockbroker gets 2 years in prison

Thursday, March 14, 2013 at 10:57 am

Roman Novak, Radoslav Novak, Inter Reef Ltd., Profitable Sunrise - Cease and Desist Order, Notice of Civil Penalty, Order for Rescission, Notice of Right to Request Hearing

Thursday, March 14, 2013

Categories: Enforcement Actions

SECURITIES COMMISSIONER ORDERS PROFITABLE SUNRISE TO CEASE AND DESIST FROM SELLING SECURITIES IN NORTH DAKOTA

Thursday, March 14, 2013

FORMER BROKER CHARGED WITH THEFT AND SECURITIES FRAUD

Monday, March 11, 2013

Bismarck, ND - Robert H. Medhus, a former securities broker, has been criminally charged with securities fraud, the sale of unregistered securities, and theft of property.

Are you an informed investor? Exchange Traded Funds - ETFs

Thursday, March 7, 2013 at 11:00 am

Categories: Investor Alerts and Advisories

Exchange Traded Funds (ETFs) have grown increasingly popular among retail investors seeking safe, stable alternatives to mutual funds.

Before investing in an ETF, ask yourself these questions: Do I understand this investment? Is this investment right for me?

Are you an informed investor? Nutraceutical Stock

Thursday, March 7, 2013 at 11:00 am

Categories: Investor Alerts and Advisories

Many of the products that claim to achieve these objectives are called "nutraceuticals," a term used to describe dietary
supplements and food and drink products that contain additives purporting to provide health benefits. While some of the companies producing these products are legitimate, others could be bogus operations with the potential to harm unsuspecting investors.

Are you an informed investor? Crowdfunding

Thursday, March 7, 2013 at 11:00 am

Categories: Investor Alerts and Advisories

The Internet has become an inexpensive and easy way for individuals and businesses to raise money for their activities. Congress recently passed the JOBS Act, which directs the Securities and Exchange Commission (SEC) to create rules exempting crowdfunding from the securities registration laws. Once implemented these rules will remove restrictions on start-up companies seeking investors over the Internet. Investors should be on the lookout for unscrupulous issuers and intermediaries who may attempt to engage in crowdfunding before the rules are written or misuse crowdfunding to steal from investors through false and misleading representations.

Are you an informed investor? GOLD!

Thursday, March 7, 2013 at 11:00 am

Categories: Investor Alerts and Advisories

Historically speaking, the value of gold-related investments fluctuates even more than the stock market. Gold often moves in reverse of stocks and bonds, so when stocks are down, gold seems like a very tempting investment. Before jumping onto the gold bandwagon, there are a few things you might want to consider.

Are you an informed investor? Social Networking

Thursday, March 7, 2013 at 11:00 am

Categories: Investor Alerts and Advisories

Social Networking in the Internet age allows people to connect to one another more quickly and easily than ever before. Investment promoters increasingly are logging on to find investors...and their money.

Before investing through a social network, ask yourself these questions: Have I verified that the promoter is legitimate? Do I understand the risks of the investment?

Nicholas Alexander Smirnow aka Nick Smirnow, doing business under the Ontario registered Business Name P-2-P NETWORK - Cease and Desist Order

Thursday, October 16, 2008

Categories: Enforcement Actions

Larry M. Atkins, Atkins Brokerage Services, Inc., Retirement Planning Concepts, Inc., Retirement Income Planning, Inc., Retirement Navigation, Inc. - Order for Permanent Injunction

Thursday, July 17, 2008

Categories: Enforcement Actions

Larry M. Atkins, Atkins Brokerage Services, Inc., Retirement Planning Concepts, Inc., Retirement Income Planning, Inc., Retirement Navigation, Inc. - Ex Parte Order for Preliminary Injunction

Tuesday, April 22, 2008

Categories: Enforcement Actions

First Union Securities, Inc., later known as Wachovia Securities, Inc., now known as Wachovia Securities, LLC - Consent Order

Tuesday, June 19, 2007

Categories: Enforcement Actions

REGISTRATION DEADLINE FOR TEACHERS ACADEMY

Tuesday, June 5, 2007

LAS International, Ltd., Neil Whittey, Syver Vinje, (SEE JUNE 19TH CONSENT ORDER) -

Friday, May 25, 2007

Categories: Enforcement Actions

Americans for Lawful Financial Independence & Information, MY ICIS, Inc., Wayne Hicks, Lori Hicks - Cease and Desist Order

Thursday, May 17, 2007

Categories: Enforcement Actions

IRAX International, LLC, Impact Industries International, LLC, Financial Planning Services, Inc., Bruce Anderson - Consent Order

Monday, March 12, 2007

Categories: Enforcement Actions

SECURITIES COMMISSIONER APPLAUDS ENACTMENT OF LEGISLATION TO PROTECT MILITARY PERSONNEL FROM UNSCRUPULOUS SALES OF INSURANCE AND INVESTMENT PRODUCTS

Tuesday, October 3, 2006

Viper Acquisition, LLC, Mees Masonry Corp., Riverside RV Rentals, Inc., Dig-it Underground, Inc., R. Lang Construction, Inc., Calvin K. Mees, Wade J. Vogel - Cease and Desist Order

Monday, April 17, 2006

Categories: Enforcement Actions

Integrity Mutual Funds, Inc. f/k/a ND Holdings, Inc., ND Capital Inc., Robert E. Walstad - Order to Vacate Notice of Civil Penalty

Thursday, May 5, 2005

Categories: Enforcement Actions

Impact Industries International, LLC, Financial Planning Services, Inc., Bruce Anderson, Rodney Kirschmann - Cease and Desist Order

Tuesday, December 21, 2004

Categories: Enforcement Actions

L. H. Ross & Co., Inc., Mintz & Fraade, P.C., Michael Assenza, Kelly Chance, Shannon Norris, Dean Baker - Order to Vacate Cease and Desist Order

Tuesday, December 21, 2004

Categories: Enforcement Actions

Microvision Systems Corporation, Interactive Acquisition Master, Inc., Camry Consulting Services, Inc., Steve Lehner, Michael Hammerschmidt -

Wednesday, November 12, 2003

Categories: Enforcement Actions

L. H. Ross & Co., Inc., Mintz & Fraade, P.C., Michael Assenza, Kelly Chance, Shannon Norris, Dean Baker - Cease and Desist Order

Wednesday, October 1, 2003

Categories: Enforcement Actions

Select Electronic Devices, Inc., VOIP Communications, Inc., Kent Johanneson a/k/a W. K. Johanneson, David Ludwick - Cease and Desist Order

Wednesday, May 21, 2003

Categories: Enforcement Actions

POTENTIAL SETTLEMENT DOLLARS FOR NORTH DAKOTA

Tuesday, May 20, 2003

Camry Investment Services, Inc., Nathanson Investment Trust Account, Colin Nathanson, James Armstrong, Sheila R. Green - Cease and Desist Order

Monday, May 19, 2003

Categories: Enforcement Actions

Buck TV.Com, Inc., BuckBuilders.com, Inc., BK.com, Inc., MyFreeBingo.com, Inc., Schematic Cash Transactions Network.com, Inc., American Venture Trust, Larry E. Hunter, Bry Behrmann - Cease and Desist Order

Tuesday, September 10, 2002

Categories: Enforcement Actions

Forex Capital Group, LLC, Alaron FX, John Normanton - Cease and Desist Order

Tuesday, September 10, 2002

Categories: Enforcement Actions

TOP TEN INVESTMENT FRAUDS ANNOUNCED

Thursday, September 5, 2002

St. Clare Film Fund Capital Corporation, St. Paul Film Fund, Guadalupe Film Committee, Onesimus Production, Inc., Stephen A. Jones, Debbie Cartier - Cease and Desist Order

Monday, August 26, 2002

Categories: Enforcement Actions

Telecom Action Entertainment, William Marlin & Co., Marlin, William B., Davis, William, Anthony, Dave - Cease and Desist Order

Thursday, May 23, 2002

Categories: Enforcement Actions

Highbury Capital, Inc., Inner Technologies Corp, Howard, Scott N., Hoyt, Jeffrey C., Stogner, Ron - Cease and Desist Order

Wednesday, January 2, 2002

Categories: Enforcement Actions

Alberta Diamondfields, Inc., Gerpal S. Shokar , Angel Hung, Once Again Resale for Men & Women, David K. Gramlich, Maxum Investors Group - Cease and Desist Order

Tuesday, August 28, 2001

Categories: Enforcement Actions

Infinity Mining Venture, Inc., Maxum Investors Group, Gerald Coffman, Jasmer Shokar (Jimmy), Surjit S. Shokar (Steve), Andrew W. Lawrence - Cease and Desist Order

Tuesday, August 28, 2001

Categories: Enforcement Actions

Global Prosperity Group, The Global Leadership Council, The Institute of Global Prosperity, Dan Andersen, David Struckman, Zo LaMantia - Cease and Desist Order

Thursday, January 25, 2001

Categories: Enforcement Actions

Frederick Wayne Keiser, Jr., Etoile Keiser, Preferred Trust & Management, Ltd., Tactical Investments, Ltd., Nassau Investors Group, Ltd., Concord Investments, Ltd., Ideal Group a/k/a 1M Group, F & E Consulting, LLC - Cease and Desist Order

Tuesday, January 9, 2001

Categories: Enforcement Actions

Advantage International Marketing a/k/a The Tax People a/k/a Renaissance Designer Gallery Products, Inc., Lee Christianson, Phyllis Christianson, Michael C. Cooper, Kori Koepke, Larry R. Martin, John MacNaught, Roger E. Smith - Cease and Desist Order

Tuesday, October 24, 2000

Categories: Enforcement Actions

Josephthal & Co., Inc., James Gus Oliver -

Thursday, October 19, 2000

Categories: Enforcement Actions

Albemarle Investments, Limited, New Life Technologies, Inc., UPA, Inc., Mike Bierman, Todd Rooker, Patrick Alan Sanders, Stanley Schulman - Cease and Desist Order

Friday, October 6, 2000

Categories: Enforcement Actions

Private Gifting, Sharing Equally, For Kids, Inc., Randy Bertsch, Betty Holzer, Daniel Reimche, Betty Wahl, Carl Lamm, Raymond Kotchian, Robin Stene, Kristy Keller, Gered Keller - Cease and Desist Order

Tuesday, July 11, 2000

Categories: Enforcement Actions

Elmer Reiner, Swift Advisory & Consulting, Inc., The Institute of Learning a/k/a The Institute of Learning and Biblical Studies - Cease and Desist Order

Wednesday, April 26, 2000

Categories: Enforcement Actions

Educate America Resource Network, Financial Planning Consultants, Gary E. Luckow, Scott W. Grant - Cease and Desist Order

Wednesday, March 1, 2000

Categories: Enforcement Actions

Baxter, Banks & Smith, Mikhail S. Shklovsky, Oleg A. Feldman, Francis McDermott, Maurizio V. Grammatica, Kevin J. Ruggiero, John Does 1-3 - Civil Penalty

Tuesday, December 21, 1999

Categories: Enforcement Actions

Baxter, Banks & Smith, Mikhail S. Shklovsky, Oleg A. Feldman, Francis A. McDermott, Maurizio V. Grammatica, Kevin J. Ruggiero, John Does 1-3 - Administrative Complaint

Monday, November 1, 1999

Categories: Enforcement Actions

Agkota Holdings, Inc., International Joint Ventures Association, Preferred Home Loans, Founders Club, Inc., Verlin Swartzendruber, Terry Nitschke, Duane Moos, Norman Nitschke, William Ebele - Consent Order

Monday, June 28, 1999

Categories: Enforcement Actions

Agkota Holdings, Inc., International Joint Ventures Association, Preferred Home Loans, Founder's Club, Inc., Verlin Swartzendruber, Terry Nitschke, Duane Moos, Norman Nitschke, William Ebele - Consent Order

Friday, May 28, 1999

Categories: Enforcement Actions

First Fidelity Financial Corporation, Newport Financial Corporation, Exchange.Online, Inc., Bruce M. Follick - Cease and Desist Order

Monday, March 22, 1999

Categories: Enforcement Actions

First Financial Equity Corporation - Registration Agreement

Thursday, March 18, 1999

Categories: Enforcement Actions

Microvision Systems Corporation, Interactive Acquisition Master, Inc., Camry Consulting Services, Inc., Millennium Networks, Inc., Steve Lehner, Michael Hammerschmidt - Cease and Desist Order

Wednesday, March 17, 1999

Categories: Enforcement Actions

Papa Holdings, Inc., The Ponzu Companies, Inc., Jonathan C. Papa, Ramon C. Papa III, Thomas L. Anderson, David M. Beneake, Kourosh Saroole, David J. Naughton - Consent Order

Monday, January 18, 1999

Categories: Enforcement Actions

McDowell International, Incorporated of Washington, McDowell Industries, Northern Plains Agriculture, Incorporated, Agsources, Incorporated, Matthew McDowell - Cease and Desist Order

Tuesday, December 22, 1998

Categories: Enforcement Actions

Papa Holdings, Inc., The Ponzu Companies, Inc., Jonathan C. Papa, Ramon C. Papa III, Thomas L. Anderson, David M. Beneakem, Kourosh Saroole, David J. Naughton - Cease and Desist Order

Thursday, July 23, 1998

Categories: Enforcement Actions

HJB, Inc., Dakota Utilities, Inc., Gerold Busche, Craig Dallman, Ron Thompson, Lee Schobinger, Shirley Prigge, Loraine Zuber - Cease and Desist Order

Thursday, May 7, 1998

Categories: Enforcement Actions

AgKota Holdings, Inc., International Joint Ventures Association, Preferred Home Loans, Founder's Club, Inc., Verlin Swartzendruber, Terry Nitschke, Duane Moos, Norm Nitschke, William Ebele - Cease and Desist Order

Wednesday, April 22, 1998

Categories: Enforcement Actions

Global Prosperity Group, Global Leadership Council, Dave Lozier, Cindy Lozier, Elizabeth Riley, Dael A. Chapman, Shoshanna Szuch, Jeff Eichinger, Ione Weatherby - Cease and Desist Order

Friday, April 3, 1998

Categories: Enforcement Actions

For Champions Only, The Winner's Circle, Tom Kincaid - Cease and Desist Order

Tuesday, March 24, 1998

Categories: Enforcement Actions

The Piddler International Downline Building Co-Op, The Sharing Funds Foundation, Eugene Henley, Frank Molonar, Ronald Readling - Cease and Desist Order

Wednesday, March 11, 1998

Categories: Enforcement Actions

Prosper International League, Ltd., Prosper International, Ltd., Universal Marketing, Charles Miller - Cease and Desist Order

Friday, February 13, 1998

Categories: Enforcement Actions

ECAP Financial Investment Banking, Inner Systems Industries, Inc., Marie Fortune, William Mueger - Cease and Desist Order

Friday, October 10, 1997

Categories: Enforcement Actions

Eleventh Hour, Inc., American Consolidated Growth Corporation, Norman L. Fisher, Valerie Fisher, Gary Flater, Cory Copage -

Friday, February 7, 1997

Categories: Enforcement Actions

Fact Gold Technologies Canada, Ltd., Gig International Resources, Inc., Richard Furrer, Ward Hughes, Phil Wilford, Steve Chan - Cease and Desist Order

Tuesday, January 21, 1997

Categories: Enforcement Actions

Raoul Brandt, Royal Crown Corporation, American Investment Services, Inc., Brandt Brokerage House - Cease and Desist Order

Friday, November 15, 1996

Categories: Enforcement Actions

FACT Companies, Richard Furrer, Janelle Furrer, Ward Hughes, Joseph M. Malloy, James Herbst, Darreld Kartes - Cease and Desist Order

Tuesday, September 24, 1996

Categories: Enforcement Actions

Information Processing Office - Cease and Desist Order

Wednesday, September 4, 1996

Categories: Enforcement Actions

Murchison Investment Bankers, Inc., Burll Dean Murchison, Richard Alan Murchison, James Roland Arnold, Lee Edward Burton -

Friday, June 14, 1996

Categories: Enforcement Actions

Joseph F. Desanto, Joseph Roberts & Co., Inc. - Revocation Order

Sunday, June 9, 1996

Categories: Enforcement Actions

A.G. Edwards & Sons, Inc., Cameron Erickson, Unitech Industries, Inc. - Order for Hearing

Saturday, June 8, 1996

Categories: Enforcement Actions

Gary Swernik, Dana Bersch a/k/a Frank Bersch, Boulder, Inc. d/b/a Yu-Chu's, Ed Foo Yung's Inc. a/k/a Ed Foo Yung's Ltd. - Order for Hearing

Friday, May 31, 1996

Categories: Enforcement Actions

Gary Swernik, Dana Bersch a/k/a Frank Bersch, Boulder, Inc. d/b/a Yu-Chu's, Ed Foo Yung's Inc. a/k/a Ed Foo Yung's Ltd. - Notice of Right to Request Hearing

Friday, May 31, 1996

Categories: Enforcement Actions

Gruntal & Co., Inc. - Consent Order

Thursday, May 23, 1996

Categories: Enforcement Actions

Premier Capital Investment, J.R. Munoz, Information Network Technology Partners III, Strategic Investor, Steven Harrell - Cease and Desist Order

Wednesday, May 15, 1996

Categories: Enforcement Actions

Z3 Capital Holding Corporation, Stella Bella Corporation USA, Jack Broberg, Mark Scialdone, Becky Pepper, Steven Zubkis, Marcus O'Neal - Cease and Desist Order

Wednesday, April 24, 1996

Categories: Enforcement Actions

Murchison Investment Bankers, Inc., Burll Dean Murchison, Richard Alan Murchison, James Roland Arnold, Lee Edward Burton - Cease and Desist Order

Thursday, March 28, 1996

Categories: Enforcement Actions

Charleston Interactive Television Partners, Digital Interactive Associates, Inc., Carlo Anneke, an individual, Vikki Lucas, an individual - Cease and Desist Order

Tuesday, April 4, 1995

Categories: Enforcement Actions

Nation Wide Wireless Corporation a/k/a NationWide Wireless Corporation, Philip Caratozzolo, Greater Columbia Basin Wireless Cable, LLC - Cease and Desist Order

Thursday, January 26, 1995

Categories: Enforcement Actions

Alhaji Jubril Umar - Cease and Desist Order

Tuesday, January 3, 1995

Categories: Enforcement Actions

Quarter Call, Inc., Glenn Kendall, Tom C. Yost, Robert J. DiToro, Robert P. Carrigan, Dan S. Webb, J.R. Munoz, Premier Capital Investments - Cease and Desist Order

Thursday, October 27, 1994

Categories: Enforcement Actions

Marathon Financial Program a/k/a Marathon Marketing, Jim Phipps, Randy Fraley, Gerald G. McCarthy - Cease and Desist Order

Wednesday, December 29, 1993

Categories: Enforcement Actions

Theodore N. Youngquist d/b/a Youngquist Mine Development & Consultation, Inc., Wind River Mining Project II - Cease and Desist Order

Wednesday, September 22, 1993

Categories: Enforcement Actions

Scorac, Incorporated DBA Verifiable Resources, Claud Lavender, J. Wayne Greer, James Fulkerson, Sam Furo - Cease and Desist Order

Tuesday, June 12, 1990

Categories: Enforcement Actions

Quick Links

Investor Alerts and Advisories

Enforcement Actions

BrokerCheck

How to File a Complaint

ND Securities Filing Portal

Recent News View All News

Recent News
View All News