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everdev | karma 5188 | avg karma 3.49
2018-06-18 00:50:09+00:00
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Then why not scrap the Howey Test (which was out forth as the definitive test to determine if an investment is a security) and just keep the existing fraud laws?
Security law is in place for good reason, to protect investors.
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npt4279 | karma 1018 | avg karma 8.21
2018-06-18 02:11:11
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The Howey Test was created by the Supreme Court, not the SEC. Harder to scrap.
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Security law is in place for good reason, to protect investors.
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