entity · derived
Securities classification
Derived node: assembled mechanically from the claims carrying securities-classification. A roster, not an adjudicated definition.
Every claim under this term
- 4021599-022 : Under SEC guidance a token sold for use or consumption by purchasers may fall outside classification as a security, and the SEC lists characteristics whose stronger presence makes a token less likely
- 5454054-022 : The absence of fiat par-redemption combined with limited acceptance inside merchant ecosystems makes LER rewards closed-loop utilities, which is what removes their classification as electronic money t
- 5454054-031 : LER must maintain a visible separation between equity tenure verification and reward attribution, so that vouchers operate as loyalty entitlements and do not represent equities, dividends, or profit s
- 5454054-032 : Because Landreth holds that instruments carrying equity attributes such as dividends or voting rights are securities, LER rewards cannot include any such features and must function as independent loya