Enforcement & Investment Fraud
The North Dakota Securities Department (NDSD) 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 regulate the people and companies offering investment opportunities. The Securities Department takes investment fraud very seriously and works diligently to prevent it. We investigate hundreds of complaints every year, and have helped many North Dakotans recover money from fraudulent schemes. We also work with local, state, and federal law enforcement agencies to bring promoters of fraud to justice.
If someone provides you with the “Too Good to be True” investment opportunity, it usually is too good to be true, and that person may be trying to con you, or if you believe any part of a transaction is misrepresented, contact our Department to obtain information on filing a complaint.
Generally, all firms and individuals who sell securities as part of their business, or who charge fees for providing investment advice in the State of North Dakota must be registered with the North Dakota Securities Department. Not every firm or individual is granted an automatic registration. If the Department determines a firm or individual does not have a good business reputation and has had considerable complaints, we will not register them in North Dakota.
People are encouraged to contact our Department to verify registration before doing business with firms, agents, or investment advisers. We can also provide information regarding disciplinary and registration history. Individuals may also check an agent’s registration on their own by accessing the Financial Industry Regulatory Authority’s BrokerCheck program with links located on this website.
For additional information on Investment Fraud, Reporting a Complaint, and Enforcement Actions click on the links above.
If you are a resident on the eastern side of North Dakota the Department has an investigator staffing a satellite office in Grand Forks for your convenience. See the contact information listed below for the Bismarck and Grand Forks offices.