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Alansgirl Alansgirl
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6 years ago
The 1946 case Securities and Exchange Commission v. Howey, the Supreme Court established a test to determine when an investment is a security for the purposes of federal regulation. The test has:
 a. four basic elements
  b. convoluted and difficult to understand terms c. no practical applications
  d. one basic element e. two basic elements
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trxozandeniztrxozandeniz
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6 years ago
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