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" Act means a contract, transaction or scheme whereby a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party... "
United States Reports: Cases Adjudged in the Supreme Court at ... and Rules ... - Page 299
by United States. Supreme Court - 1947
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Interstate Commerce Commission Reports: Reports and Decisions of ..., Volume 348

United States. Interstate Commerce Commission - 1975 - 1030 pages
...other words, an investment contract for purposes of the Securities Act means a contract, transaction or scheme whereby a person invests his money in a...immaterial whether the shares in the enterprise are evidence by formal certificates or by nominal interests in the physical assets employed. [Emphasis...
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Interstate Commerce Commission Reports: Reports and Decisions of ..., Volume 348

United States. Interstate Commerce Commission - 1975 - 1066 pages
...other words, an investment contract for purposes of the Securities Act means a contract, transaction or scheme whereby a person invests his money in a...immaterial whether the shares in the enterprise are evidence by formal certificates or by nominal interests in the physical assets employed. [Emphasis...
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Decisions and Reports, Volume 25

United States. Securities and Exchange Commission - 1953 - 828 pages
...stated: ... an investment contract for purposes of the Securities Act means a contract, transaction or scheme whereby a person invests his money in a...in the physical assets employed in the enterprise. Snch a definition necessarily underlies this Court's decision In 8. E, C. v. Joiner Corp., 320 US 344....
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United States Reports: Cases Adjudged in the Supreme Court, Volume 328

United States. Supreme Court - 1947 - 978 pages
...of the Securities Act, an investment contract (undefined by the Act) means a contract, transaction or scheme whereby a person invests his money in a...in the physical assets employed in the enterprise. Pp. 298-299. 3. The fact that some purchasers, by declining to enter into the service contract, chose...
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Hearings, Reports and Prints of the Senate Select Committee on Small Business

United States. Congress. Senate. Select Committee on Small Business - 1969 - 1008 pages
...contract for purposes of the Securities Act means a contract, transaction or scheme whereby a i>erson invests his money In a common enterprise and is led...in the physical assets employed in the enterprise. Subsequent cases have uniformly applied this definition except that there has been some modification...
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The Impact of Franchising on Small Business: Hearings, Ninety ..., Parts 1-2

United States. Congress. Senate. Select Committee on Small Business. Subcommittee on Urban and Rural Economic Development - 1970 - 394 pages
...other words an investment contract for purposes of the Securities Act means a contract, transaction or scheme whereby a person invests his money in a...in the physical assets employed in the enterprise. Subsequent cases have uniformly applied this definition except that there has been some modification...
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Report of the Real Estate Advisory Committee to the Securities and Exchange ...

United States. Securities and Exchange Commission. Real Estate Advisory Committee - 1972 - 176 pages
...added by judicial decision. Thus, a security is deemed to exist where there is a contract, transaction or scheme whereby a person invests his money in a common enterprise and is led to expect profits from the efforts of a promoter or third party. For purposes of this section some definition of "rental...
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The Role of Small Business in Franchising: Hearings, Ninety-third Congress ...

United States. Congress. House. Permanent Select Committee on Small Business. Subcommittee on Minority Small Business Enterprise and Franchising - 1973 - 390 pages
...it. "* * * an investment contract for purposes of the Securities Act means a contract, transaction or scheme whereby a person invests his money in a...in the physical assets employed in the enterprise." To sum up, the Federal securities laws do not ordinarily require disclosure of information in connection...
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The Role of Small Business in Franchising, Hearings Before the Subcommittee ...

United States. Congress. House. Permanent Select Committee on Small Business - 1973 - 392 pages
...follows : "* * * an investment contract for purposes of the Securities Act means a contract, transaction or scheme whereby a person invests his money in a...promoter or a third party, it being immaterial whether tM> shares in the enterprise are evidenced by formal certificates or by nominal interests in the physical...
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Condominiums: Hearings Before the Subcommittee on Housing and Urban Affairs ...

United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Urban Affairs - 1974 - 308 pages
...adopted a definition of "investment contract'' which is now widely accepted : "A contract, transaction or scheme whereby a person invests his money in a...in the physical assets employed in the enterprise." M Under this definition, it was not difficult for the SEC to conclude that an offering of resort condominiums...
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