Chapter 12- Definition of Terms Flashcards
1
Q
What are the three characteristics outlined by the Howey Test to determine a security?
A
An investment if money
Involves a common enterprise
Gives the investor an expectation of profit
Series 65 > Chapter 12- Definition of Terms > Flashcards
What are the three characteristics outlined by the Howey Test to determine a security?
An investment if money
Involves a common enterprise
Gives the investor an expectation of profit