¶20 (dissenting) — At issue is whether Clark E. and Barbara E. Kinney’s complaint states a colorable claim for violation of The Securities Act of Washington, chapter 21.20 RCW. Madsen, J. ¶21 The purpose of the securities act is “ ‘to regulate investments, in whatever form they are made and by whatever name they are called.’ ” Cellular Eng’g, Ltd. v. O’Neill, <a…
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