Promissory notes are a type of investment product that essentially allows the investor to provide a loan to a company in need of capital. Promissory notes generally have fixed terms, and the company commits to repay the investor in the form of a fixed return, either consisting of the principal amount or adding annual interest. These investment products can be a great addition to the portfolios of investors, but the risk of loss is also high due to the volume of fraudulent promissory notes in circulation. Individuals who experience substantial losses from bad promissory note investments may consider seeking the assistance of a skilled California securities arbitration attorney in order to recuperate those losses.
There are a variety of different reasons why promissory notes have become a hot spot for fraud, but the most prevalent is perpetrated by scammers. In many cases, individual fraudsters are able to convince brokers, brokerage firms or investment advisors to offer their products to investors by promising high commissions. Industry professionals may then use unethical tactics like misrepresentation and omission to assure the sale of these unsuitable securities. They may receive their commission and continue to offer fraudulent promissory notes to others. When the note matures, however, investors find that there is no principal to return.
Find a Promissory Note Lawyer in California
At The Law Offices of Jonathan W. Evans & Associates, our number one priority lies in protecting clients from enduring losses suffered in their bad investments. We specialize in recognizing investment losses including fraudulent promissory notes, and can take the appropriate steps to dispute your loss with an official claim. Recognized as a top 5% Southern California Super Lawyer by Los Angeles Magazine, lead attorney Jonathan W. Evans has over 35 years of experience in the field of securities litigation. We have litigated hundreds of securities arbitration claims, tried more than 80 cases to conclusion at the FINRA, and have mediated countless more to favorable settlements.
Contact a California promissory note lawyer if you are suffering from a poor or fraudulent investment and want to file a claim.
Video CenterHelpful information directly from our attorneys.
ArticlesStay informed on the latest securities related issues here!
ResourcesDiscover helpful information that may assist you in your case.