nd.gov - The Official Portal for North Dakota State Government
North Dakota: Legendary. Follow the trail of legends
Is it too good to be true? The North Dakota Securities Department is responsible for the enforcement of the North Dakota securities laws (N.D.C.C. 10-04) that protect citizens from dishonest investment practices, and...
Knowing how to invest your money is important.  Being an informed investor means having a plan and understanding each of your investments.  Learn about investing wisely, avoiding fraud and knowing your rights as an investor.
All persons who propose to sell securities and offer investment advice must be properly registered in order to conduct business in North Dakota.
Under the North Dakota Securities Act all securities sold in the state must be registered with the Department or properly exempted from registration.
Any company that intends to offer or sell a franchise in North Dakota or to any North Dakota resident must first register its franchise offering with the Securities Department as defined by the (NDFIL) 51-19.

Commissioner Karen Tyler

North Dakota Securities Commissioner, Karen Tyler

Welcome to the North Dakota Securities Department website. The mission of the Department is to protect the North Dakota investor through the administration of state securities laws and rules. The Securities Department is responsible for regulating the offer and sale of securities in North Dakota. We register and monitor the firms and individuals selling securities or providing investment advice to North Dakotans, and we register securities offered and sold in the state. Through our investor education programs and resources, we strive to help North Dakotans make informed investment decisions, avoid fraud and build financial security.


Other Securities Regulators

Recent News

Pennies to Paychecks Energizes North Dakota Students

North Dakota Securities Department and The National Theatre for Children (NTC) have partnered to educate and inspire...

Securities Commissioner Announces $2.4 Million Settlement in Wanner Ponzi Scheme

Bismarck, ND, August 7, 2017— Securities Commissioner Karen Tyler today announced a settlement with...

Investor Alerts

Securities Commissioner Reminds Investors to Approach Cryptocurrency with Caution

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...

EB-5 Fraud: Immigrant Investors Beware

What is the EB-5 Program?

Investor Advisory: Crowdfunding

The Internet has become an inexpensive and easy way for individuals and businesses to raise money.

Small Business Advisory: Crowdfunding

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...

Background Check

Check Mark

To protect yourself, check your broker's record. Learn more on the registration status and complaints of agents and firms.

National Fraud Trends

Private Offerings
Fraudulent private placement offerings continue to rank as...
Proxy Trading Accounts
Investors should be wary of individuals who claim to have...
Crowdfunding and Internet Offers
The 2012 JOBS Act makes significant changes to the methods...
Inappropriate Advice or Practices from Investment Advisers
Investment advisers are licensed to give specific...
Digital Currency
Virtual reality may exist only in science fiction, but...
Real Estate Investment Schemes
The popularity of investments involving distressed real...
Scam Artists Using Self-Directed IRAs to Mask Fraud
Scam artists, forever on the lookout for new ways to entice...
High-Yield Investment and Ponzi Schemes
Retail investors chasing yield often find themselves...
EB-5 Investment-for-Visa Schemes
An immigration program linked to job-creation is growing in...
Affinity Fraud
Marketing a fraudulent investment scheme to members of an...
Gold and Precious Metals
The hype surrounding gold, silver and other precious metals...
Scam Artists Using Self-Directed IRAs to Mask Fraud
Scam artists are using self-directed individual retirement...
Risky Oil and Gas Drilling Programs
Investors considering alternatives to traditional...
Risky Oil and Gas Drilling Programs
Investors exploring alternatives to traditional securities...
Promissory Notes
Promissory notes are often promoted as a safe and secure...
Real Estate Investment Schemes
As news has spread of a possible bottom being reached in...
Regulation D Rule 506 Private Offerings
In the most recent survey of state securities regulators,...
Unlicensed Salesmen Giving Liquidation Recommendations
As in years past, the liquidation of securities by...

North Dakota Securities Department Logo

Karen Tyler

ND Securities Department
600 East Boulevard Avenue
State Capitol, 5th Floor
Bismarck, ND 58505-0510
Phone: (701)-328-2910
Toll Free: (800)-297-5124
Fax: (701)-328-2946
Grafton Office
701 W 6th Street, #312
Grafton, ND 58237
Phone: 701-352-4592