> If I write a book with visionary ideas that promises to change your life (great returns) and continue to work on revisions as I come up with new ideas - should I register it as a security before I can sell my book
Is there an expectation of profit in those buying your book? No? Then it’s not a security.
It’s a multi-prong test. Investor protection laws are substantial; everything is constantly being challenged in courts as a security.
Is there an expectation of profit in those buying your book? No? Then it’s not a security.
It’s a multi-prong test. Investor protection laws are substantial; everything is constantly being challenged in courts as a security.