What are securities laws passed by states typically called?

Question

Quizplus · Accepted Answer

Securities laws passed by states are typically called "blue-sky" laws. This term originates from a comment made by a Supreme Court Justice that such laws were intended to prevent "speculative schemes which have no more basis than so many feet of 'blue sky.'" Blue-sky laws vary by state but generally require securities issuers to register with state regulatory agencies and disclose certain information about their offerings to potential investors.

What Are Securities Laws Passed by States Typically Called