Under the Howey test,an arrangement is considered an investment contract if there is an investment of money by an investor in a common enterprise and the investor expects to make profits based on the sole or substantial efforts of the promoter or others.
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Q7: The Securities and Exchange Commission was created
Q8: The courts apply the Dewey test in
Q9: Pre-organization subscription agreements,interests in oil,gas,and mineral rights,and
Q10: The Sarbanes-Oxley Act of 2002 was enacted
Q11: The SEC may bring a civil action
Q13: The Federal Trade Commission (FTC)regulates the activities
Q14: A limited partnership interest is an investment
Q15: The Interstate Commerce Commission (ICC)has the responsibility
Q16: A "whistleblower bounty program" allows persons who
Q17: The primary purpose of federal and state
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