Securities Law - Investment Contracts - The Test Is Whether the Scheme Involves an Investment of Money in a Common Enterprise with Profits to Come from the Efforts of Those Other Than the Investor Which Are the Undeniably Significant Ones Or Essential Managerial Efforts Which Affect the Failure Or Success of the Enterprise - Securities (and) Exchange Commission v. Glenn W. Turner Enterprises, Inc., 474 F.2d 476 (9th Cir. 1973)
Gallagher, John J.
FIRST PARAGRAPH(S)|The activities of Dare to Be Great, Inc., and Koscot Interplanetary, Inc., two wholly owned subsidiaries of Glenn W. Turner Enterprises, Inc., are the subject of seventeen actions in ten districts seeking recovery for alleged fraud and deceit and violations of the state and federal securities laws.|The Securities and Exchange Commission (Commission) instituted an action in the United States District Court for the District of Oregon to enjoin Dare to Be Great from offering and selling certain plans and adventures and also to enjoin them from withdrawing funds from the assets of the corporation other than in the regular course of business...
6 Creighton L. Rev. 450 (1972-1973)
Creighton University School of Law