nd.gov - The Official Portal for North Dakota State Government
North Dakota: Legendary. Follow the trail of legends

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

Enforcement Actions

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The North Dakota Securities Department has taken numerous actions against individuals and firms that have violated the North Dakota securities laws. The actions are searchable by the individual’s name, business name, type of action, or year. If you have further questions or require additional information related to a listed action, please contact our office.

Search Enforcement Actions in North Dakota

Name / DBA Enforcement Type Datesort ascending
Kingswood Associates, Inc., Mortek Corporation, Robert Button, Berry Mitchell Cease and Desist Order Oct 29 1993
Continental Wireless Cable Television Inc. Cease and Desist Order Oct 22 1993
John Sebastian Ragazzo, Geneva Companies Cease and Desist Order Oct 20 1993
Richard F. Pinnow, Liberty International Networking Company Cease and Desist Order Oct 4 1993
Kenneth Finochiaro d/b/a Pre-cooked Pasta Company Cease and Desist Order Sep 23 1993
Theodore N. Youngquist d/b/a Youngquist Mine Development & Consultation, Inc., Wind River Mining Project II Cease and Desist Order Sep 22 1993
United Communications Ltd., a Texas Limited Liability Company, Al J. Gauert Cease and Desist Order Sep 13 1993
Betty Aleshire, Great Western Communications, Int'l Cease and Desist Order Sep 9 1993
Smart Industries, Inc., Life Crystals, Inc., Elliot Pierce Cease and Desist Order Jul 6 1993
Kiowa Resources Inc., Robert Charles Cease and Desist Order May 19 1993
Health Excellence, T. C. Fry Cease and Desist Order Mar 15 1993
Banner Fund International, Swiss Trade & Commerce Trust Cease and Desist Order Mar 4 1993
Doug Nassif Cease and Desist Order Jun 1 1992
Doug Nassif Jun 1 1992
Leo Elroy Sjolseth May 27 1992


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Investor Bill of Rights

When You Invest, You Have the Right to...

When Your Broker Calls, Take Notes!

A two-page form for investors to take notes when they talk with their broker. The form provides basic questions investors should ask their securities salesperson, checkoff boxes and ample space to take notes.


Complaint Form

If you believe you are a victim of securities fraud or have concerns about your investment account, you may file a complaint with the North Dakota Securities Department.  To file a complaint, complete the complaint form and submit by mail, fax or