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    Exam 32: Overview of the Securities Market: Definition, Categories, and Regulation
  5. Question
    The Risk Capital Test Is a Much More Difficult Standard
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The Risk Capital Test Is a Much More Difficult Standard

Question 56

Question 56

True/False

The risk capital test is a much more difficult standard to meet than the Howey test because it requires neither commonality nor that the profit be derived from the efforts of others.

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