👉 A closely weapon, often referred to as a "closely held security interest" or "CWSI," is a type of security interest that allows an individual or entity to exert control over another person's business or assets, typically through ownership stakes. These interests are usually established by a contractual agreement and can include various forms of influence, such as board representation, voting rights, or decision-making authority. Closely held securities are often scrutinized by regulatory bodies like the SEC to prevent conflicts of interest and ensure fair business practices, particularly in cases where the controlling shareholder or investor has significant influence over corporate governance and operations.
