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ND Securities Commissioner rebukes GF man for alleged misconduct

By Pat Sweeney Aug 1, 2022 | 3:28 PM

The North Dakota Securities Commissioner has ordered a Grand Forks businessman and three limited liability companies under his control to cease and desist from the alleged sale of unregistered promissory notes … and to repay investor funds.

Commissioner Karen Tyler says, between August and December 2021, Michael Kuntz and the companies allegedly sold unregistered promissory notes or other evidence of indebtedness in amounts totaling at least $1.955 million.

Tyler says investigative records show Kuntz and the companies sold promissory notes to four private fund entities managed by Jeremy Carlson, who formerly operated a Fargo investment adviser firm, Jamieson Capital Financial.

Last month, Tyler ordered the suspension of the registration of that firm…and ordered Carlson to cease and desist from numerous alleged violations of the state’s Securities Act.

Tyler says the LLC companies associated with Kuntz are National Sports Opportunity Partners, Leftfield Development and ICON Investment Group.

Until last April, Kuntz was with ICON Architectural Group in Grand Forks, which he co-founded. Officials there say the firm is not affiliated with ICON Investment Group.

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