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The SEC's definition has been taking major Ls in court and is in no way "the law of the land."
by fallingknife 3y ago
The SEC's definition has been taking major Ls in court and is in no way "the law of the land."
- JumpCrisscross 3y ago> is in no way "the law of the land." Yes, it is. Some parties are trying to have it struck down. That hasn’t happened yet.
- fallingknife 3y agoYou are incorrect. The only time that the SEC has been to court on the issue of that definition, the court ruled against them. The SEC does not have the power to determine what is a security anyway. That rests with statutory law and court precedent.