Lapidus v. Rever

CARROLL, Judge.

This is an appeal by the plaintiff below from an adverse judgment in a law action brought under Chapter 517, Fla.Stat., F.S. A., the Florida Sale of Securities Act, to avoid an alleged sale of unregistered securities.

*460The definition of “security” as set out in § 517.02 includes “any transferable share, investment contract, or beneficial interest in title to property.” Section 517.21(1) provides that a sale made in violation of a provision of the Act “shall be voidable at the election of the purchaser” and that the person making the sale and every director, officer or agent of…