“The investment contract test is primarily designed to be used to apply against facts that have already occurred.” Taylor Lindman, Chief Counsel of the @SECGov explains why the framework works better in hindsight than for future conduct.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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