The elements of a security, as the Supreme Court ruled in the SEC v. Howey case include:

Question

Quizplus · Accepted Answer

The best choice is E because it includes all three elements identified in the Supreme Court ruling in the SEC v. Howey case. The investment involves money, it is part of a common enterprise, and the expectation of profit depends on the efforts of others. Choices A, B, C, and D are not complete on their own and do not fully encompass all three elements.

The Elements of a Security, as the Supreme Court Ruled