Under the Howey test, there are __________ criteria used to determine whether something qualifies as a security.
A) two
B) three
C) four
D) six

Question

Quizplus · Accepted Answer

The Howey Test, stemming from a U.S. Supreme Court case, outlines four criteria to determine if a transaction qualifies as an investment contract (and thus a security): an investment of money, in a common enterprise, with an expectation of profits, primarily from the efforts of others.

Under the Howey Test, There Are __________ Criteria Used to Determine