Cortland Man Ordered to Stop Sale of Unregistered Securities November 6, 2023 (Lincoln, NE) — The Nebraska Department of Banking and Finance (“NDBF”) issued a Cease-and-Desist Order against a Cortland, Nebraska man, Noah Dorn (“Dorn”), in connection with the unregistered sale of investment contracts. The Order includes Dorn’s affiliates, agents, employees, successors, and control persons.
According to the Order, Dorn sold investment contracts to at least four Nebraska residents. The investment contracts were not registered for sale in Nebraska, and Dorn had not filed a claim of exemption for the investment contracts with NDBF. The Order prohibits Dorn from offering or selling securities until such securities are registered with NDBF and until Dorn is registered with NDBF as a broker-dealer or agent. The Order further provides that any claim of exemption from registration must be shown by proof satisfactory to NDBF.
More information about the laws governing the securities industry in Nebraska can be found on NDBF’s website at ndbf.nebraska.gov.
The NDBF encourages consumers who have experienced fraudulent practices in connection with investment advisory services or the sale of commodities, and any unfair, unlawful, deceptive, and abusive practices from a financial service provider to call the Department at (402) 471-2171 in Nebraska, or at (877) 471-3445 if you are out of state.