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Silver Hills Doesn't Mute Howey

Picture of Keith Paul Bishop Posted on February 22, 2017 by Keith Paul Bishop

Anyone who has studied securities regulation since 1946 should be familiar with the U.S. Supreme Court's definition of a "security" as enunciated by Justice Frank Murphy in S.E.C. v. Howey Co., 328 U.S. 293 (1946).  That test asks "whether the...

California Securities Laws, howey, People v. Black, risk capital, Securities Litigation, Silver Hills

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