Regulatory Agencies - U.S.
Federal Deposit Insurance Corporation (FDIC)
Provides deposit insurance to and oversight of all federally chartered financial institutions and state chartered institutions electing coverage.
Federal Financial Institutions Examination Council (FFIEC)
A formal interagency body to coordinate the examination and reporting activities of the five primary regulators of financial institutions: FRB, FDIC, NCUA, OCC and OTS.
Federal Trade Commission (FTC)
Independent agency that enforces a variety of federal antitrust and consumer protection laws.
Financial Crimes Enforcement Network (FINCEN)
Primary regulator for prevention and detection of money laundering activities, including recordkeeping (Bank Secrecy Act) and coordination with law enforcement agencies for investigation of suspicious activities.
National Credit Union Administration (NCUA)
Independent agency that regulates federally chartered credit unions and administers the National Credit Union Share Insurance Fund.
Office of the Comptroller of the Currency (OCC)
Treasury Department agency that regulates nationally chartered banks.
Office of Thrift Supervision (OTS)
Treasury Department agency that regulates federally chartered thrift institutions (savings banks) and savings and loan associations.
Securities and Exchange Commission (SEC)
Independent agency responsible for administering securities laws, including disclosure requirements for publicly traded securities and regulation of the securities industry.
US Legislative Banking Committees
From the MoneyPage, Senate and House committees, with links to calendars, committee members and other current information.
Contact Ms. Stoneman - Stoneman Law Offices - Texas & Colorado. (800) 783-0748 Free Consultation - Representing Clients Nationwide
DID YOU KNOW AND SECURITIES IN THE NEWS!
Because North Dakota is close to Colorado, where I live, I am more familiar with its securities laws and regulations and North Dakota arbitrators. Because arbitrators are from the state or region where the investor resides, my familiarity with the arbitrator roster and individual arbitrators in North Dakota and surrounding states is a significant benefit. And remember that I do not need to be licensed in the state of North Dakota in order to represent North Dakota investors in securities arbitrations. I don’t even need to affiliate with local counsel. I also have the benefit of the knowledge of my husband Douglas Schulz (www.securitiesexpert.com), who has been hired in over 1,140 securities related matters and testified in over 637 FINRA arbitrations and civil cases regarding investment and brokerage disputes. Because the majority of his expert work is also in Colorado and surrounding states, he too is very familiar with North Dakota securities arbitrators and arbitrations.
Clients often wonder how long they have to bring a claim, but the answer is not a black and white one. Investors should let a qualified lawyer evaluate the case. The good news is that there are many different remedies for the same violation, and they each have different statutes of limitations. In addition, many causes of action have what is called a “discovery rule”, allowing investors to bring very old claims because they didn’t discover the violation until more recently or because the stockbroker concealed the wrongdoing.
Investors in North Dakota are protected by legislative laws and statutes together with industry rules that prohibit brokers from engaging in fraud, unsuitable sales, churning, unauthorized trading, failure to supervise, breach of fiduciary duty, or negligence. Below are useful links and resources covering some of the investor protections available in the State of Texas:
- The North Dakota Securities Department (link is http://www.nd.gov/securities/ ) is responsible for the enforcement of the North Dakota securities laws that protect citizens from dishonest investment practices, and regulate the people and companies offering investment opportunities.
- The North Dakota Securities Act (link is http://www.nd.gov/securities/rules-laws/ndcc-10-04-securities-act ) is a state law regulating the securities industry. The Act contains provisions for the registration of securities, exemptions and sanctions for violations.
- FINRA (link is http://www.finra.org/) is an independent regulatory agency that regulates all broker-dealers in the United States.
- Securities and Exchange Commission (SEC)(link is https://www.sec.gov/) also creates and enforces the securities laws.
Stoneman Law represents investors in all major North Dakota cities including Fargo, Bismarck, Grand Forks, Minot, West Fargo, Williston, and Dickinson. Consultations are free of charge and the firm is only compensated if you recover.
Where Do FINRA Arbitrations Take Place in North Dakota?
All arbitrations for North Dakota residents take place in Bismarck.
And remember that arbitrations take place in the state where the investor resides, NOT where the brokerage firm or stockbroker office!!
North Dakota Securities News:
December 20, 2017. Authorities say a second North Dakota broker has agreed to pay back money to victims of an investment fraud scheme allegedly operated by a North Dakota man.
North Dakota Securities Commissioner Karen Tyler says Kevin Wanner, of Bismarck, is accused of bilking 66 investors from North Dakota over 15 years. Wanner has reached a plea agreement in federal court on charges of mail fraud and money laundering. Tyler says Woodbury Financial Services Inc., will pay nearly $600,000 to people who were victimized while Wanner worked there as a registered securities agent.
It's the second settlement involving Wanner. Tyler says Questar Capital Corporation, of Minneapolis, agreed earlier to pay $2.4 million to investors.