Government Regulation

Question 1

List the elements of an investment contract.

Answer 1

Investment of money;
In a common enterprise;
With an expectation of profit;
To be earned primarily by the actions of others.

Question 2

Define “security”.

Answer 2

Any note, stock, treasury stock, bond, debenture, evidence of indebtedness, etc.

Question 3

Define “catch-all categories”.

Answer 3

Investment contracts and “any interest or instrumentality commonly known as a security.