Peter Schiff warns SEC could change definition of ‘security’ We expect that many investors will be fined retroactively.

Economist and gold advocate Peter Schiff has sounded the alarm that the U.S. Securities and Exchange Commission (SEC) is potentially changing the definition of “securities.” He said, “Now that a U.S. appeals court has upheld the SEC’s authority to unilaterally change the definition of ‘dealer,’ many individual investors may be retroactively (…)