Consumer Issues
Q. I lost money on an investment promised as "guaranteed profit." Can I get a refund?
A.
Contracts based on "guaranteed profit" claims can be cancelled and refunds demanded.
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Guaranteed profit claims allow contract cancellation under Consumer Contract Act Art. 4-1-2. Financial instruments law prohibits definitive judgments (Art. 38). Unlicensed solicitation violates Art. 29. Damages claimable under tort (Civil Code Art. 709). Consult FINMAC.
This article provides general legal information and does not constitute legal advice. For specific legal issues, please consult with a qualified attorney.
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