Promissory Notes Not Living Up To Promise

The Financial Industry Regulatory Authority (FINRA) offers some sound advice when it comes to Promissory Notes. Promissory notes often appear as an attractive alternative to stocks and bonds during this tough economic climate. However, investors need to beware of several problems prior to investing. A promissory note is a type of debt that a company…

Prime Capital Services, a New York-Based Firm, Charged With Fraudulent And Unsuitable Sales of Variable Annuities to Florida Senior Citizens

According to the Securities and Exchange Commission (SEC), Prime Capital Services (PCS), a New York-Based Firm, has been charged with luring Florida senior citizens through free-lunch seminars to buy variable annuities which were unsuitable for these individuals. The SEC states that PCS is a registered broker-dealer that is a wholly-owned subsidiary of Gilman Ciocia, Inc.…