The definition of “security” is very broad in most states…a classic case labelled the sale of interests in FL orange groves as a security. The corporation is probably being investigated for selling shares or soliciting funds without going through a legal, lengthy and expensive process of registration (with the state & feds). I don’t see how this would effect you - you helped the company purchase property, not sell shares or solicit funds. Of course, I’m not an expert on the securities laws of your state.
I was a buyer’s agent for a corporation that is now under scrutiny from the DA’s office because they want to label the corporation’s real estate transactions a “security”. The corporation did not partner with any buyer or seller in joint ownership of any property.
Does anyone have any legal articles, definitions or help as to when a real estate deal is and is not a security? Or could possibly recommend a good attorney to review and provide expert witness statements? Thanks!