Peter Schiff Warns SEC Could Change Definition of β€˜Security’ β€” Expects Lots of Investors to Be Retroactively Fined

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Economist and gold advocate Peter Schiff has sounded the alarm about the U.S. Securities and Exchange Commission (SEC) potentially changing the definition of a β€œsecurity.” He cautioned: β€œNow that the U.S. Appeals Court has upheld the SEC’s authority to unilaterally change the definition of a β€˜dealer,’ I expect lots of private investors to be retroactively […]

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