The Supreme Court decision in SEC v.W.J.Howey Co.led to what is commonly called the Howey test to determine whether something qualifies as a security.Identify and explain the four components of this test.

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The Answer of The Supreme Court decision in SEC v.W.J.Howey Co.led to what is commonly called the Howey test to determine whether something qualifies as a security.Identify and explain the four components of this test.

The Supreme Court Decision in SEC V