Blue Sky laws refer to:

Question

Quizplus · Accepted Answer

Blue Sky laws are state securities laws that are enacted to protect investors from fraudulent securities sales practices within a particular state. These laws were developed in response to the stock market crash of 1929 and the subsequent Great Depression. Blue Sky laws vary from state to state, but generally require companies that issue or sell securities within the state to register with state securities regulators and provide detailed information about the securities being sold. This helps regulators detect fraudulent or unregistered securities offerings and protect investors from potential harm.

Blue Sky Laws Refer To