/biz/ - Business & Finance

Anonymous Tue Mar 7 14:47:51 2023 No.53966093 [View]
File: 67 KB, 863x484, 1652707129120425.png [View same] [iqdb] [saucenao] [google]

>>53966039
>You're the one that said the Howey test is to determine if something is a contract
The original Howey ruling literally says there's an "investment contract" when "a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter".
The original Howey test applied to "investment contract" first, and to securities secondarily.
See pic.

>you don't understand that transactions ARE contracts
Source that all transactions are contracts lmao

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