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blue sky laws

   Also found in: Dictionary/thesaurus, Financial, Wikipedia, Hutchinson 0.01 sec.

blue sky laws n. laws intended to protect the public from purchasing stock in fraudulent companies that lack substance, such as those selling swamp land, non-existent gold strikes and dry oil wells, or who have no assets besides a post office box. Blue sky laws require that corporations advertising and selling shares to the public must get approval from the state corporations commissioner and/or the Securities Exchange Commission after providing details on financing and management. The term comes from the intent to prevent the existence of corporations that have nothing behind them but "blue sky." (See: corporation)



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Also, Thomson West has released Westlaw 50 State Regulatory Surveys, a service that provides surveys of state regulations for researchers across four topics: insurance, blue sky laws, employment and healthcare.
Since these exempt offerings are regulated by the Blue Sky laws of each state, the book contains a summary of each region's filing requirements.
Ethics and legal guidelines - 20 questions Investment Analysis, Recommendations & Strategies - 20 questions Blue Sky Laws - 50 questions Federal Securities Laws - 10 questions For more information visit http://www.
 
 
 
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