Description: Requires investment advisers to register with the state and meet specific fiduciary standards to act in the best interests of their clients.

Scope: The law establishes registration and reporting requirements for investment advisers operating in the state, ensuring that advisory firms adhere to ethical standards and provide clear, comprehensive advice to investors.

Description: Allows small businesses to raise capital through online crowdfunding platforms, with limits on the amount of funds businesses and investors can contribute.

Scope: This exemption facilitates raising capital for startups and small businesses, offering a legal pathway for new ventures to raise money without triggering the more stringent requirements of traditional securities registration.

Description: Provides a standardized framework for regulating securities transactions across states that have adopted it, aiming to prevent fraud and misrepresentation.

Scope: This law governs the registration of securities offerings, broker-dealer activities, and investment adviser registrations, offering a comprehensive legal framework for regulating state-level investment activities. It also empowers the Commissioner to investigate and take action against violations.

Description: Regulates the offer, sale, and distribution of securities within North Dakota to prevent fraud and ensure transparency in the market.

Scope: The Act mandates the registration of securities and the licensing of brokers, dealers, and investment advisers, enforcing protection against fraudulent or misleading investment schemes. The state’s Securities Commissioner enforces this law, ensuring that investors receive accurate and truthful information.