Update: FINRA try reissuing that it aware on the heels of the disciplinary action linked to the newest fake marketing out of promissory notes to help you NFL and you may NBA users. In , a FINRA reading panel expelled Washington, D.C.-oriented Achievement Trade Ties, Inc. and you will barred the Ceo and you may Chairman to the fake purchases of over $19 million inside promissory notes. The brand new alert information the dangers in the promissory notes plus the continued likelihood of promissory notice plans whoever best purpose is to try to defraud buyers.
Cons related to promissory notes deprive dealers regarding 10s from an incredible number of bucks. This new hope out-of high guaranteed rates (particular all the way to twenty-six percent) build these types of become-ons instance glamorous in today’s low-rate of interest environment.