People v. Figueroa

Opinion

BIRD, C. J.

principal question presented by this appeal is whether the trial court, in a prosecution for the sale of unqualified securities, erred *718in instructing the jury that certain “Corporation Promissory Notes” were “securities” within the meaning of the Corporate Securities Law. (Corp. Code, § 25000 et seq.1)

I

Joseph and Dennis Figueroa appeal from a judgment of conviction for one count of selling unqualified securities. (§§ 25110, 25540.) The jury dead: locked on thirteen additional counts, eight alleged against Joseph and five against Dennis. Thereafter, a mistrial was declared on…