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Why is the definition of a security very broad? a.So a court can decide that something is a security even if it is not listed

Why is the definition of a security very broad?

a.So a court can decide that something is a security even if it is not listed in the definition.

b.To confuse the public so they will invest in businesses.

c.So businesses can create new types of investments.

d.So congress doesn't have to define all the possible types of securities.

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