The term "security," for purposes of the Securities Act of 1933,is narrowly interpreted to include only such traditional investments as a stock or a bond.

Question

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The term "security" under the Securities Act of 1933 is broadly interpreted to include a wide range of investment instruments beyond just traditional stocks and bonds, encompassing various types of financial interests and investment contracts.

The Term "Security," for Purposes of the Securities Act of 1933,is