Difference between revisions of "Blue sky laws"

From MarketsWiki
Jump to navigation Jump to search
m
Line 1: Line 1:
{{PFG5_adbox}}
{{helpAddContent}}  
{{helpAddContent}}  


Line 5: Line 6:
The laws vary from state to state, but they require registration of securities offerings and of brokers and brokerage firms. Each state has a regulatory agency which administers the law.  
The laws vary from state to state, but they require registration of securities offerings and of brokers and brokerage firms. Each state has a regulatory agency which administers the law.  


{{Infobox Midpage Need Sponsor Right}} <!-- Keep this template fairly close to the top of the article -->


== References ==
== References ==

Revision as of 21:14, 31 December 2010

Template:PFG5 adbox


In the U.S., blue sky laws are the states' securities laws and rules designed to prevent investment fraud. The origin of the term is unclear, but U.S. Supreme Court Justice McKenna in a 1917 opinion said the name indicates "speculative schemes which have no more basis than so many feet of 'blue sky'". [1]

The laws vary from state to state, but they require registration of securities offerings and of brokers and brokerage firms. Each state has a regulatory agency which administers the law.


References[edit]