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The Elements of a Security, as the Supreme Court Ruled

Question 214

Multiple Choice

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


A) an investment of money
B) an investment in a common enterprise
C) a role in managerial control
D) an investment of money in a common enterprise
E) an investment of money in a common enterprise with a role in managerial control

Correct Answer:

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