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Probably. The act included all securities that were purchased by means of interstate commerce. This meant all securities purchased by mail or over the phone had to be registered under the act.

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9y ago
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6mo ago

No, a deed of trust on a residence is not considered a security under the Securities Act of 1933. The act defines securities as instruments such as stocks, bonds, and investment contracts, but it does not include mortgages or other types of loans secured by real estate.

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Q: Is a deed of trust on a residence considered a security for the purpose of the Securities Act of 1933?
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