Cease and Desist Order Issued For Banker Healthcare Group

ND DFI issues cease and desist order and $7.3M in penalties against BHG Financial

The North Dakota Department of Financial Institutions has issued a cease and desist order against Banker Healthcare Group LLC doing business as BHG Financial LLC (BHG) for conducting unlicensed activities in the state, engaging in deceptive practices in interactions with customers, and other activity contrary to North Dakota Century Code chapter 13-04.1. DFI also has imposed civil money penalties against the company and denied its money broker l…

Cease and Desist Order Issued For Banker Healthcare Group

BISMARCK, N.D. – The North Dakota Department of Financial Institutions (DFI) has issued a cease and desist order against Banker Healthcare Group LLC doing business as BHG Financial LLC (BHG) for conducting unlicensed activities in the state, engaging in deceptive practices in interactions with customers, and other activity contrary to North Dakota Century Code chapter 13-04.1. DFI also has imposed civil money penalties against the company and de…