Rules & Laws

The North Dakota Securities Department administers and enforces the North Dakota Securities Act, N.D.C.C. Chapter 10-04, by registering securities; reviewing exemptions; issuing no-action letters and interpretive opinions; and licensing broker-dealers and their agents, and investment advisers and their representatives.  The Securities Department investigates complaints alleging violations of the Securities Act and rules and if violations are found, the Securities Commissioner may bring an administrative or civil action or make a referral for criminal prosecution.

The North Dakota Securities Department administers and enforces the North Dakota Pre-need Funeral Services Act, N.D.C.C. Chapter 43-10.1, which regulates pre-paid contracts to provide funeral services or cemetery merchandise upon the death of the person named in the contract.  The Act requires funeral establishments or cemetery associations to deposit payments on pre-need funeral contracts in an insured bank account and to file annual reports with the Securities Commissioner.  Violations of the Act could result in administrative action, civil action or referral for criminal prosecution.