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    Move Aside EPA, The SEC Is Now Regulating Ecosystems!

    I don't hear many securities lawyers talking about "ecosystems".  Indeed, I think of the word as being more the province of environmental lawyers.  The word itself is an amalgamation of two Greek words - οἶκος, meaning house, and σύστημα, meaning a...

    coin offerings, Enforcement & Investigations, Howey test, ICO, investment contract, Munchee, DOA, Section 21(a), Section 8(a)

    Condominiums And The California Corporate Securities Law

    Some four years ago, I wrote about the Ninth Circuit Court of Appeals' holding in Salameh v. Tarsadia Hotel, 726 F.3d 1124 (9th Cir. 2013).  For those readers who don't remember the post or the case, the Court of Appeals held that the plaintiffs had...

    California Securities Laws, investment contract, Harold Marsh, real estate development, Robert H. Volk, condominium, howey, salameh v. Tarsadia, Silver Hills

    District Court Rules Plaintiff Failed To Plead Real Estate Investment Was A "Security"

    Both the Securities Act of 1933 and the California Corporate Securities Law of 1968 provide similar, but not the same, definitions of a "security".  See Making A List Of Securities And Checking It Twice.  Although these lists are expansive, courts...

    Corporate Securities Law, investment contract, motion to dismiss, SEC v. Howey, Section 25019, Securities Litigation, Roger T. Benitez