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blue sky laws

   Also found in: Legal, Financial, Wikipedia 0.06 sec.

blue sky laws

Legislation in the USA that hands responsibility for regulating and policing the issue of securities to the state in which the securities are being issued.

The laws were introduced by 47 US states between 1911 and 1931. The justification for these laws was ostensibly to prevent the sale of fraudulent securities to unsophisticated investors. The term ‘blue sky’ is said to originate from the supporters of the laws who claim that some securities were so dishonest they would sell ‘building lots in the sky’.
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will also be published in the Daily News section of Standard Corporation Records, a recognized securities manual for secondary trading in approximately 37 states under the Blue Sky Laws.
Reese Corp. Information Now Available Through Standard & Poor's ... by Business Wire
It is recommended that brokers check with their compliance officers or legal counsel for applicable Blue Sky laws and regulations pertaining to them.
The Motion Picture Group, Inc. Listed in Standard & Poor's ... by Business Wire
As part of the program, a full description of Raser will also be published in the Daily News section of Standard Corporation Records, a recognized securities manual for secondary trading in approximately 37 states under the Blue Sky Laws.
Raser Technologies, Inc. Corporate Information to be Available ... by Business Wire
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