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Wynette Plans to Take Steps to Take Her Business Public

Question 51

Multiple Choice

Wynette plans to take steps to take her business public and raise funds through a public offering of stock.Her attorney tells her that there are some state laws that she should consider as well as the Securities Act of 1933.Which of the following is the proper term for state laws regulating the issuance of securities?


A) red line laws
B) blue sky laws
C) purple hue laws
D) none of the responses are correct because federal law has preempted all state regulation in the area of transactions involving securities.

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