Tag: security

A central question in all of the crypto currency actions brought by the Commission is whether the interests being offered to investors are in fact securities. The seminal decision is, of course, the 1946 decision of the Supreme Court in …

Circuit Court Rejects SEC Claims on Howey Security Test

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The SEC secured the reversal of an order dismissing its complaint which alleged that the sale of interests in a partnership were actually sales of securities in violation of the federal securities laws.

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