Is Alabama's Securities Commission investigating?

Alabama Securities Commission Director Joseph Borg also told Reuters that Alabama, Texas, New Jersey and Kentucky securities regulators were probing the matter. Celsius has been responsive to questions from the regulators, but that the investigation is in the initial stages, he said.

What is the legal definition of a security?

While some believe that in order for an instrument to qualify, it must be traded on a market, the legal definition of a security is much broader. The definition is important, because if the instrument is a security, then the federal and state securities laws apply to the purchase and sale of that instrument.

What is a security & how does it work?

A security is a form of ownership in an entity. While some believe that in order for an instrument to qualify, it must be traded on a market, the legal definition of a security is much broader.