Steven Weinberg's book "The Quantum Theory of Fields", volume 3, page 46 gives the following argument against ${\cal N} = 3$ supersymmetry:
"For global ${\cal N} = 4$ supersymmetry there is just one supermultiplet ... This is equivalent to the global supersymmetry theory with ${\cal N} = 3$, which has two supermultiplets: 1 supermultiplet... and the other the CPT conjugate supermultiplet... Adding the numbers of particles of each helicity in these two ${\cal N} = 3$ supermultiplets gives the same particle content as for ${\cal N}= 4$ global supersymmetry"
However, this doesn't directly imply (as far as I can tell) that there is no ${\cal N} = 3$ QFT. Such a QFT would have the particle content of ${\cal N} = 4$ super-Yang-Mills but it wouldn't have the same symmetry. Is such a QFT known? If not, is it possible to prove it doesn't exist? I guess it might be possible to examine all possible Lagrangians that would give this particle content and show none of them has ${\cal N} = 3$ (but not ${\cal N} = 4$) supersymmetry. However, is it possible to give a more fundumental argument, relying only on general principles such as Lorentz invariance, cluster decomposition etc. that would rule out such a model?