Wendy Santos February 24, 2020 Promissory Note
Investors should consider before investing in a promissory note: • If enrolled brokers , they may be the notes with out a license or with no firms' approval. • Learn wishes to sell to you: bona-fide promissory notes are sold to . The simple fact that promissory notes are sold to investors is a hazard sign.
Latest scams have come to mild wherever people induce previously independent insurance representatives to promissory notes to members of people. These , who have no permit to sell these their clients to"invest" in insurance companies, offering high returns and the reassurance of"ensured" promissory notes. Because the clients have often the agents before in valid , the clients are more readily persuaded by the , who themselves are in on the con and a cut out of the first fraudsters. Countless unsophisticated, usually older investors bilked out of millions of dollars such a way. In short, while promissory notes are extremely useful, valuable, and well-traveled debt tools, both the maker and the payee are well informed to complete their homework when coping together.
The of note investors is small everyone else wishes to have a $100.00 bill in their , wishes to have their savings invested a of called a promissory note; Many individuals want cash money within their wallet; they need a promise from someone to them money later on.
• Be wary of pushy sales tactics: Without any investment should induce an investor to make decision regarding an investment or tell you to act . • Guaranteed yields: Salespersons guarantee yields. Even if owner says that the notes have been insured, keep clear --the insurer may well not be legitimate.