More terms
Investment Contract
A security identified under the Howey framework when money is invested in a common enterprise with expected profits substantially dependent on others' managerial efforts.
What traders should verify
For Investment Contract, locate the controlling statute or rule, transaction facts, jurisdiction, current amendments, SEC filings or orders, and qualified legal interpretation when needed.
Do not conflate
This summary of Investment Contract is educational, not a legal conclusion; the instrument's facts, current law, and jurisdiction control.
Primary source
SEC definitionSource boundary: this glossary reflects SEC staff views and is not a Commission rule, regulation, or statement. Check the linked source for current wording and legal context.