Mich. Regulators' Fraud Fears Are 'Nonsense,' Developer Says
By Danielle Ferguson ( April 8, 2024, 10:06 PM EDT) -- A real estate developer has told Michigan's high court that the state is raising unfounded concerns that Michigan will become a haven for fraudsters if the top court does not adopt a federal judicially created test to determine when an investment is a security, telling the justices Michigan's own securities law is controlling....
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