Investments are assets or items acquired for the purpose of generating interest payments, income, or appreciation in value. Real estate, stocks, bonds, options, annuities, mutual funds, cryptocurrencies, artwork, and collectibles are common examples of investments.
In Ohio, investments are regulated under various state statutes and federal laws to protect investors and ensure fair practices. Real estate transactions are governed by Ohio's real estate laws, which include licensing requirements for real estate brokers and salespeople, as well as regulations on real estate transactions. Stocks, bonds, options, annuities, and mutual funds are subject to the Ohio Securities Act, which requires registration of securities and licensing of brokers and investment advisors, and is enforced by the Ohio Division of Securities. Cryptocurrencies, while not specifically regulated by Ohio statutes, are subject to federal securities laws and IRS tax implications. Artwork and collectibles, while not heavily regulated, may be subject to sales and use tax, and their transactions can be governed by general property laws. It's important for investors to comply with both state and federal regulations, and they may seek guidance from an attorney to navigate the complexities of investment laws and regulations.