SEC v. Howey provides the major definition for determining what investments will be deemed to be securities subject to securities law.

Name: SEC v. Howey provides the major definition for determining what investments will be deemed to be securities subject to securities law.
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Question

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SEC v. Howey established the test for determining whether an investment contract constitutes an "investment contract" and thus a security under federal securities laws.

SEC V Howey Provides the Major Definition for Determining What Investments