The Company has been engaged in various financial related services through subsidiaries since 1987. It was incorporated in North Dakota as ND Holdings, Inc., on September 22, 1987 . The Company's principal office is located at 1821 Burdick Expressway W. Minot, North Dakota 58701.
On June 9, 2014, the Company established a wholly owned operating subsidiary, Capital Natural Resources, Inc., a Colorado corporation. Capital Natural Resources, Inc. The natural resources segment sought opportunities related to natural resources in the United States, including petroleum, natural gas and/or other minerals, water resources and land. The holding company encompasses cost associated with business development and acquisitions, dispositions of subsidiary entities and results of discontinued operations, dividend income and recognized gains or losses.
On December 5, 2018, the Company initiated a new wholly owned subsidiary, Capital Corporate Network, Inc., a Colorado Corporation, to provide an array of strategic and networking services to corporate and business entities relative to economic amalgamation, capital procurement and revenue acquisition. The new subsidiary is separate from and unrelated to any existing or previous subsidiary of the Company. The holding company encompasses cost associated with business development and acquisitions, dispositions of subsidiary entities and results of discontinued operations, dividend income and recognized gains or losses.
In the first quarter of 2019, the Company’s discontinued subsidiary, Capital Financial Services, Inc., executed a tentative Asset Purchase and Assignment Agreement with another FINRA member broker dealer, Calton & Associates, Inc. of Tampa, Florida ("Assignee"), wherein, subject to approval of FINRA and any other securities regulatory authorities, Assignee would be entitled to purchase certain retail customer accounts of the Company’s discontinued subsidiary. The agreement became effective upon consent of FINRA on July 1, 2019. Pursuant to the terms of the agreement, Assignee paid to the company’s discontinued subsidiary a total of Three Hundred Thousand Dollars for all retail accounts accepted by Assignee that choose to transfer to Assignee in installments completed December 31, 2019 (the transaction proceeds). The transaction proceeds were deposited directly to an escrow account established for the purpose of settlement of customer arbitration claims against the Company’s discontinued subsidiary. All of the transaction proceeds have been paid out in settlement of customer arbitrations. Neither the Assignee, nor any affiliates, directors, officers or associates of the Assignee had any material relationship with the Company or the Company’s subsidiary, or with any affiliates, directors, officers, or associates of the company or the company’s subsidiary. On July 31, 2019 the Company’s subsidiary terminated its relationships with all of its associated independent registered representatives and thereby ceased its active retail securities brokerage business. As of August 5, 2019 the Company’s discontinued subsidiary’s fully disclosed clearing arrangement with RBC Correspondent Services was mutually concluded. On July 21, 2020 the discontinued subsidiary filed for withdrawal of its FINRA membership and on October 1, 2020 FINRA cancelled its membership. The holding company encompasses cost associated with business development and acquisitions, dispositions of subsidiary entities and results of discontinued operations, dividend income and recognized gains or losses.
On June 9, 2014, the Company established a wholly owned operating subsidiary, Capital Natural Resources, Inc., a Colorado corporation. Capital Natural Resources, Inc. The natural resources segment sought opportunities related to natural resources in the United States, including petroleum, natural gas and/or other minerals, water resources and land. The holding company encompasses cost associated with business development and acquisitions, dispositions of subsidiary entities and results of discontinued operations, dividend income and recognized gains or losses.
On December 5, 2018, the Company initiated a new wholly owned subsidiary, Capital Corporate Network, Inc., a Colorado Corporation, to provide an array of strategic and networking services to corporate and business entities relative to economic amalgamation, capital procurement and revenue acquisition. The new subsidiary is separate from and unrelated to any existing or previous subsidiary of the Company. The holding company encompasses cost associated with business development and acquisitions, dispositions of subsidiary entities and results of discontinued operations, dividend income and recognized gains or losses.
In the first quarter of 2019, the Company’s discontinued subsidiary, Capital Financial Services, Inc., executed a tentative Asset Purchase and Assignment Agreement with another FINRA member broker dealer, Calton & Associates, Inc. of Tampa, Florida ("Assignee"), wherein, subject to approval of FINRA and any other securities regulatory authorities, Assignee would be entitled to purchase certain retail customer accounts of the Company’s discontinued subsidiary. The agreement became effective upon consent of FINRA on July 1, 2019. Pursuant to the terms of the agreement, Assignee paid to the company’s discontinued subsidiary a total of Three Hundred Thousand Dollars for all retail accounts accepted by Assignee that choose to transfer to Assignee in installments completed December 31, 2019 (the transaction proceeds). The transaction proceeds were deposited directly to an escrow account established for the purpose of settlement of customer arbitration claims against the Company’s discontinued subsidiary. All of the transaction proceeds have been paid out in settlement of customer arbitrations. Neither the Assignee, nor any affiliates, directors, officers or associates of the Assignee had any material relationship with the Company or the Company’s subsidiary, or with any affiliates, directors, officers, or associates of the company or the company’s subsidiary. On July 31, 2019 the Company’s subsidiary terminated its relationships with all of its associated independent registered representatives and thereby ceased its active retail securities brokerage business. As of August 5, 2019 the Company’s discontinued subsidiary’s fully disclosed clearing arrangement with RBC Correspondent Services was mutually concluded. On July 21, 2020 the discontinued subsidiary filed for withdrawal of its FINRA membership and on October 1, 2020 FINRA cancelled its membership. The holding company encompasses cost associated with business development and acquisitions, dispositions of subsidiary entities and results of discontinued operations, dividend income and recognized gains or losses.