Posted by Bill Bronchick on June 07, 2004 at 10:36:41:
This type of ad probably violates your state securities regulations, since it looks like a "public offering.: State securities laws change from state to state, so you should review any similar advertising with a local attorney.
rei looking for cash will pay 25% roi - Posted by tony b
Posted by tony b on June 04, 2004 at 21:15:21:
I saw an ad in a local newspaper reading:
REI looking for cash. Will pay 25% return for one year. Interest paid quarterly and principal at end of year. Note secured by real estate. $5-$40k. Phone xxx-xxx-xxxx.
i asked a lawyer who thought this ad was legal but i have my doubts…
Am i wrong?
Tony