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Quotation from Reves v. Ernst & Young by Supreme Court of the United States
“Congress' purpose in enacting the securities laws was to regulate investments, in whatever form they are made and by whatever name they are called.”
Reves v. Ernst & Young, Opinion of the Court (Justice Marshall), Part II-A (U.S. Reports text (Wikisource))
Justice Marshall summarizes the purpose behind the broad statutory definition of security.
Citation: "Congress' purpose in enacting the securities laws was to regulate investments, in whatever form they are made and by whatever name they are called." — Supreme Court of the United States, Reves v. Ernst & Young, Opinion of the Court (Justice Marshall), Part II-A (U.S. Reports text (Wikisource)). (id reves-v-ernst-and-young-q2)
Portrait: Thurgood-marshall-2, Robert S. Oakes, Public domain.
