SPRECHER, Circuit Judge.
The sole issue presented is whether promissory notes delivered to a bank for loans used to purchase the assets of a small business enterprise constitute "securities" under the Securities Exchange Act of 1934, investing the maker of the notes with a jurisdictional basis for bringing suit in the federal courts.
I
According to the complaint, the "Village Well" is a coin-operated laundry and dry cleaning business located in Justice...
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