Legal Articles

Exemptions from Securities Registration

Under federal law, a “security” is defined liberally in 15 U.S.C. 77b(a)(1) as: any note, stock, treasury stock, security future, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest…

Scroll to Top