Of course, the Court system is the major overseer in the United States. Derthick maintains that courts and administrative agencies perform sufficiently similar roles, making their potential for conflict great Derthick, p. 131. Both courts and administrative agencies are tasked with filling in statutes, but courts are generalists while administrators are specialists, making conflict between their decisions almost inevitable Derthick, p. 131. Moreover, courts may interpret laws differently in different jurisdictions, meaning that a single federal
agency could ostensibly have to meet several different federal guidelines Derthick, p. 131. In both the SSI and the review scenarios, court involvement complicated
the agency's task, with some…… Private University is selling a share, or something else. At the outset of the Act, "security" is defined as "any note, stock, treasury stock, security future, security based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit sharing agreement, collateral trust certificate…" and many others are subject to the law. The key is that the security creates a share of income for the holder, whether in the form of debt or equity. Options for later purchase are also included in the definition of security.