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.

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.

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.