Search : U.S. Supreme Court : Securities Law : From 10/01/03 To 07/01/04
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| Court: | U.S. Supreme Court |
| Topic: | Securities Law |
| Title: | SEC v. EDWARDS |
| Date: | 01/13/04 |
| Case Number: | 02-1196 |
| Summary: | An investment scheme promising a fixed rate of return can be an "investment contract" and thus a "security" subject to the federal securities laws. There is no reason to distinguish between promises of fixed returns and promises of variable returns when determining whether a particular scheme is an investment contract. |