State laws regulating the issuance and sale of corporate shares of stock and other securities,typically with provisions prohibiting fraud in the sale of securities are called:

Question

Quizplus · Accepted Answer

Blue-sky laws are state-level securities laws that regulate the issuance and sale of corporate shares of stock and other securities. They generally provide investor protections and prohibit fraudulent activities in the sale of securities. The name "blue-sky" refers to the concept of selling securities with no real value, just like selling blue sky.

State Laws Regulating the Issuance and Sale of Corporate Shares