Blue sky laws are state laws that regulate and supervise investment companies for the protection of the public.

Question

Quizplus · Accepted Answer

Blue sky laws are indeed state laws that aim to protect the public from investment companies by regulating and supervising them. These laws were introduced in response to fraudulent and deceptive practices by investment companies in the early 1900s, and each state has its own version of these laws.

Blue Sky Laws Are State Laws That Regulate and Supervise