Quote:
Originally Posted by ullmandds
Do we have this type of oversight in any area of collecting whether it is fine art and antiques...comics, cards, coins? Not that im aware of?
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A card doesn't meet the criteria of a security when using the primary definition.
This is with the definition.
That definition is not meant to encompass everything that may be a “security” though, as the U.S. Supreme Court has made clear that the definition of “security” is “quite broad”
It doesn't meet the definition of a commodity either because there is variance in value based on certain specific characteristics to each card.
I can't find anything that suggests art dealers need a license so maybe they are in the clear.
Interesting topic for sure.