North Dakota Securities Enforcement

AMS Holdings and Brad Stroup - Securities Registration Violation Consent Order

The North Dakota Insurance & Securities Department entered a Consent Order with AMS Holdings, LLC and principal Bradley J. Stroup for operating as an unregistered issuer-dealer, broker-dealer, and agent in North Dakota. Stroup admits to the violations and agrees to an 18-month prohibition from securities registration and all securities-related transactions in North Dakota. The prior July 19, 2023 Cease and Desist Order is rescinded as part of this settlement.

EPIC Management, Todd Berning - Stop Order Issued by ND

The North Dakota Securities Department has issued a stop order against EPIC Management, LLC and Todd Berning, requiring them to immediately cease offering or selling membership interests. This action is due to concerns about the company's financial condition, transparency, and operations, and aims to protect investors.

North Dakota Joins $106M Vanguard Settlement for Investors

North Dakota has joined a multi-state settlement with Vanguard Marketing Corporation and The Vanguard Group Inc., resulting in a $106 million payment to investors. The settlement addresses failures to supervise registered persons and disclose potential tax consequences to investors following a change in investment minimums for certain retirement funds.

Edward D. Jones & Co., L.P. - Consent Order

The North Dakota Securities Department has issued a consent order against Edward D. Jones & Co., L.P. The order details alleged violations and requires the firm to take specific corrective actions. This action stems from an enforcement investigation by the department.

Edward Jones Faces $17M Multi-State Enforcement Settlement

The North Dakota Securities Department joined a $17 million multi-state settlement with Edward Jones over supervisory failures related to front-load commissions on Class A mutual fund shares. Edward Jones will pay approximately $320,000 to each participating state and Washington D.C., the U.S. Virgin Islands, and Puerto Rico.