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One issue before the Court in the SEC v. Edwards case was: a. whether Edwards meant...

One issue before the Court in the SEC v. Edwards case was:

a. whether Edwards meant to pay back the investors at the start of the contracts.

b. whether the Securities Exchange Act's (1934) term "security" includes an investment scheme in which the investors received a fixed annual return on their investment.

c. whether this loan scheme should be regulated by the Department of Banking.

d. whether payphones were an investment worthy of SEC oversight.

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Answer #1

Here Answer is b.

whether the Securities Exchange Act's (1934) term "security" includes an investment scheme in which the investors received a fixed annual return on their investment.

As the main issue of the case was that whether SEC applies to the agreement between ETS Payphones, Inc., and the purchaser of the payphone for leasing back the payphone and thereby getting fixed return on such investment or in other words is it an investment contract to which Securities Exchange Act applies by treating it to be a security for investment as per SEC Act.

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