Securities Bureau raises awareness of promissory note fraud

CONCORD — In an effort to combat fraud, the New Hampshire Bureau of Securities Regulation is raising investor awareness of the risks associated with promissory notes.

State securities regulators have identified promissory notes as a leading source of complaints to their agencies. In fact, the North American Securities Administrators Association, of which the Bureau of Securities Regulation is a member, reported 210 investigations involving promissory notes, which led to 149 formal enforcement actions by state securities regulators last year.