North Dakota Securities Litigation and Arbitration Lawyers

North Dakota investors have rights and protections under numerous laws and regulations. 

The North Dakota Securities Act (N.D.C.C. 10-04) is the state law that regulates the sale of securities in North Dakota. It is administered by the North Dakota Securities Department.

The North Dakota Securities Act requires that all securities offered for sale in North Dakota be registered with the Securities Department, unless the securities or transactions are exempt. Exempt securities include:

• Securities issued by the United States or the state of North Dakota

• Securities issued by certain banks and other financial institutions

• Securities issued by certain non-profit organizations

• Securities offered in certain private transactions

The North Dakota Securities Act also requires that all broker-dealers, agents, and investment advisers who offer or sell securities in North Dakota be registered with the Securities Department.

The North Dakota Securities Act is designed to protect investors from fraud and to ensure that investors have access to accurate information about the securities they are considering purchasing.

Here are some of the key provisions of the North Dakota Securities Act:

• Registration of securities: All securities offered for sale in North Dakota must be registered with the Securities Department, unless the securities or transactions are exempt.

• Registration of broker-dealers, agents, and investment advisers: All broker-dealers, agents, and investment advisers who offer or sell securities in North Dakota must be registered with the Securities Department.

• Anti-fraud provisions: The North Dakota Securities Act prohibits fraud and other unfair practices in the sale of securities.

• Enforcement: The Securities Department is responsible for enforcing the North Dakota Securities Act. The Department can investigate alleged violations of the law and take enforcement actions, such as issuing cease-and-desist orders and imposing fines.

In addition to North Dakota Securities Laws, the following federal laws and regulations protect North Dakota investors:

• The Securities Act of 1933

• The Securities Exchange Act of 1934

• The Trust Indenture Act of 1939

• Investment Company Act of 1940

• Investment Advisor Act of 1940

• Sarbanes-Oxley Act of 2002

• Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010

• Jumpstart our Business Startups Act of 2012

• FINRA Regulations 

• Securities and Exchange Commission (SEC) Regulations

To discuss your rights under North Dakota or federal securities laws, schedule a consultation with our law firm.