So far this year, the North Dakota Insurance & Securities Department, which actively monitors financial organizations to help protect North Dakotans from unfair or unreasonable actions, has secured $140,000 from settlements as part of multi-state enforcement actions.
Those funds have been added to the North Dakota Investor Education and Technology Fund, according to an announcement by the department. The fund provides education and services to the public relating to all financial services industries. It is financed primarily through enforcement actions like these.
There have been three settlements that awarded money to North Dakota so far in 2026, the announcement added. LPL Financial and Stifel paid $20,000 each in February, and Edward Jones paid $100,000 in June. All consumers affected by these settlements have been notified.
“We’re looking out for you,” North Dakota Insurance Commissioner Jon Godfread said in a press release. “We’re working to keep your investments safe and to hold bad actors accountable. The Fund will use these settlement dollars strategically to prevent fraud and safeguard North Dakotans.”