What are the essential elements to determine if there is a security?  In the SEC v. W.J. Howey Co., 328 U.S. 293 (1946) , what were the elements?

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What are the essential elements to determine if there is a security? 

In the SEC v. W.J. Howey Co., 328 U.S. 293 (1946) , what were the elements?

 

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