> For the complete documentation index, see [llms.txt](https://docs.oldmoney.io/mfer/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.oldmoney.io/mfer/discussions/not-an-investment-contract.md).

# Not an investment contract

A direct response to the risks of $MFER from a securities standpoint

The role of legal, compliance, and the overall development of the business model of tokens, DAOs, and other crypto instruments benefit immensely from developing a detailed plan.

This document takes explicit parts of the "[Framework for Investment Contract Analysis of Digital Assets](https://old-money-static.s3.amazonaws.com/SEC+Framework+for+Investment+Contract+Analysis.pdf)" and answers our direction regarding $MFER.