Argus Preferred Notes, LLC, are unsecured notes. Argus was a start up company that began with less than $100k in assets and had no real track record. The guarantor of the Argus note, ARI Capital, also was a start up and had no reported investment track record. Argus was a highly speculative start up that was pitched as safe and secure to its investors which later became defunct in 2009. The Argus note was pitched as backed by real property, guaranteed and secured and was allegedly falsely listed on some brokerage account statements as a short term bond.
At their own admission under the “Risk Factors” in their Argus Preferred Notes, LLC, Private Placement Memorandum, was the following:
“An investment in the notes is highly speculative and involves substantial risks. Notes should not be purchased by persons who cannot afford the loss of their entire investment. You should carefully consider the risks described below, as well as the other information in this memorandum, when evaluating whether to make an investment in the notes. You should also consult with your own legal, tax and financial advisors about an investment in the notes. If any of the following risks actually occur, our business, financial condition and results of operation could be materially and adversely affected. In such case you could lose all or part of your investment.
You and your advisors are invited to ask us questions and to request information about the terms and conditions of this offering for the purpose of evaluating the merits and risks of an investment in the notes. We will provide such information to the extent we possess the information or can acquire it without unreasonable effort or expense. This memorandum contains certain forward-looking statements that involve risks and uncertainties. ”
Also, words used in their own memorandum to describe their own product were: “New Venture, Speculative Investment, and Highly Leveraged.”
If you feel you were not made aware of some of the “fine print” by your brokerage or broker, and were an investor in Argus Preferred Notes, LLC, call a Securities Arbitration Lawyer for a free consultation on how you could potentially recover your losses. To speak with an attorney, call 888-760-6552, or visit www.stockmarketlawsuit.com. Soreide Law Group, PLLC., representing investors nationwide before FINRA the Financial Industry Regulatory Authority.
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