What department in North Dakota handles securities related to Crab N Spice?
Crab_N_Spice Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | State Administrator | Agent for Service of Process (if different from State Administrator) |
|---|---|---|
| North Dakota | North Dakota Securities | |
| Department | ||
| 600 East Boulevard | ||
| Ave., State Capital Fifth Floor, | ||
| Dept. 414 | ||
| Bismarck, ND | ||
| 58505-0510 | ||
| (701) 328-4712 |
Source: Item 23 — RECEIPTS (FDD pages 51–119)
What This Means (2024 FDD)
According to Crab N Spice's 2024 Franchise Disclosure Document, the North Dakota Securities Department is the relevant state agency that handles securities-related matters. The department's address is 600 East Boulevard Ave., State Capital Fifth Floor, Dept. 414, Bismarck, ND 58505-0510, and their phone number is (701) 328-4712.
This information is crucial for prospective Crab N Spice franchisees in North Dakota because it identifies the specific state agency to contact if they believe there has been a violation of federal or state law related to the franchise offering, such as a false statement, misleading information, or a material omission in the disclosure document. It is common practice for franchise agreements to be regulated at the state level, and this listing ensures franchisees know where to report potential issues.
Knowing the correct agency to contact is essential for protecting a franchisee's rights and ensuring compliance with franchise regulations. The FDD also mentions that violations should be reported to the Federal Trade Commission in Washington, D.C., but the state agency will be more familiar with local laws and regulations.