The Keys to the Kingdom: The Unexpectedly Unsettled Definitions of Security and Sale and the Overruling of Chevron

Authors

Joel Seligman, Washington University in St. Louis School of LawFollow

Document Type

Article

Language

English (en)

Publication Date

2025

Publication Title

Washington University in St. Louis School of Law Legal Studies Research Paper Series

Abstract

This article explores two important unresolved questions for the Federal Securities regulation under the Securities Act of 1933 and the Securities Exchange Act of 1934. The definition of security and the definition of sale were increasingly contested and potentially unstable before the United States Supreme Court decision in Loper Bright Enterprises v. Raimondo overruled the Chevron doctrine.

Keywords

Securities Regulation, Chevron Doctrine, Securities Exchange Act of 1934 Loper Bright Enterprises v. Raimondo

Publication Citation

Joel Seligman, The Keys to the Kingdom: The Unexpectedly Unsettled Definitions of Security and Sale and the Overruling of Chevron, Washington University in St. Louis Legal Studies Research Paper Series, Paper No. 25-01-01 (2025)

Repository Citation

Seligman, Joel, "The Keys to the Kingdom: The Unexpectedly Unsettled Definitions of Security and Sale and the Overruling of Chevron" (2025). Scholarship@WashULaw. 723.
https://openscholarship.wustl.edu/law_scholarship/723