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    The Legal Environment of Business Study Set 3
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    Exam 23: Rules Governing the Issuance and Trading of Securities
  5. Question
    The First Element of the Howey Test Requires That the Investor
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The First Element of the Howey Test Requires That the Investor

Question 79

Question 79

True/False

The first element of the Howey test requires that the investor enter the transaction with a clear expectation of making a profit on the money invested.

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