Definitions for blue sky law
blue sky law

Princeton's WordNetRate this definition:0.0 / 0 votes

1. blue sky lawnoun

   a state law regulating the sale of securities in an attempt to control the sale of securities in fraudulent enterprises

WiktionaryRate this definition:0.0 / 0 votes

1. blue sky lawnoun

   In the United States, a law that regulates the offering and sale of securities to protect the public from fraud, requiring the registration of all securities offerings and sales, as well as of stock brokers and brokerage firms.

ChatGPTRate this definition:0.0 / 0 votes

1. blue sky law

   Blue sky law is a set of state regulations in the United States that are designed to protect investors against fraudulent sales practices and activities. These laws, which may vary by state, typically require sellers of new securities to register their offerings and provide financial details. This allows investors to make informed decisions and prevent fraudulent activities. The term "blue sky law" originated from the idea of protecting investors from speculative ventures that have as much value as a piece of the "blue sky".

WikidataRate this definition:0.0 / 0 votes

1. Blue sky law

   A blue sky law is a state law in the United States that regulates the offering and sale of securities to protect the public from fraud. Though the specific provisions of these laws vary among states, they all require the registration of all securities offerings and sales, as well as of stockbrokers and brokerage firms. Each state's blue sky law is administered by its appropriate regulatory agency, and most also provide private causes of action for private investors who have been injured by securities fraud. The first blue sky law was enacted in Kansas in 1911 at the urging of its banking commissioner, Joseph Norman Dolley, and served as a model for similar statutes in other states. Between 1911 and 1933, 47 states adopted blue-sky statutes. Today, the blue sky laws of 40 of the 50 states are patterned after the Uniform Securities Act of 1956. Historically, the federal securities laws and the state blue sky laws complemented and often duplicated one another. Much of the duplication, especially with regards to registration of securities and the regulation of brokers and advisors, was largely preempted by the Securities and Exchange Commission with the National Securities Markets Improvement Act of 1996. This act, however, left some regulation of investment advisors and much of the fraud litigation under state jurisdiction. In 1998, state law securities fraud claims were expressly preempted by the Securities Litigation Uniform Standards Act from being raised in lawsuits that were effectively class actions by investors, even if not filed as class actions.

Matched Categories

1. • Law

How to pronounce blue sky law?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say blue sky law in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of blue sky law in Chaldean Numerology is: 5

2. Pythagorean Numerology

   The numerical value of blue sky law in Pythagorean Numerology is: 5

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=blue sky law
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Blue_Sky_Law
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=blue sky law