State "blue sky" laws are designed to
A) Allow states to block M&As deemed as anticompetitive
B) Protect individual investors from investing in fraudulent securities' offerings
C) Restrict foreign investment in individual states
D) Protect workers' pensions
E) Prevent premature announcement of M&As

Question

Quizplus · Accepted Answer

State "blue sky" laws are designed to protect individual investors from investing in fraudulent securities' offerings. These laws require companies to register their securities before selling them in a state and provide disclosure about the investment, including financial statements and information about the management team. They also prohibit false or misleading statements in connection with the sale of securities.

State "Blue Sky" Laws Are Designed to