Which of the following statements is true of blue sky laws?
A) The federal laws preempt the existence of state blue sky laws.
B) The method of regulation is uniform and same across all the states.
C) The laws can apply to securities subject to federal laws as well as to those securities exempt from the federal statutes.
D) The laws are commonly known as the antifraud laws as per the Securities Act of 1934.
E) The laws were established as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
Correct Answer:
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