Fed. Sec. L. Rep. P 93,748 Securities and Exchange Commission v. Glenn W. Turner Enterprises, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding that “solely” means “significantly”
• “[T]he scheme is no less an investment contract merely because [the investor] contributes some effort as well as money to get into it.”
• the test is satisfied if the “efforts made by those other than the investor are the undeniably significant ones, those essential managerial efforts which affect the failure or success of the enterprise”
• promotion of self improvement courses by investors to new prospects

Source: CourtListener parenthetical corpus (CC0).