The Federal Definition of a Security—An Examination of the “Investment Contract” Concept and the Propriety of a Risk Capital Analysis Under Federal Law

Date

1981

Journal Title

Journal ISSN

Volume Title

Publisher

Texas Tech Law Review

Abstract

Defines a security that triggers federal securities laws and regulations designed to protect investors. The author takes a closer look at the “investment contract” concept and whether a risk capital analysis should be permitted. Also, the author cautions against too broad a definition of security that would be inconsistent with federal policy by making everything a federal case.

Description

Keywords

Securities, Investment contract, Risk capital analysis, Securities Act, Securities Exchange Act, Remedies, Fraud, Investment fraud

Citation

12 Tex. Tech L. Rev. 911