Blue sky laws

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Revision as of 17:26, 2 July 2009 by SarahRudolph (talk | contribs) (New page: {{helpAddContent}} In the U.S., blue sky laws are the states' securities laws and rules designed to prevent fraud. The origin of the term is unclear, but U.S. Supreme Court Justice McKe...)
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In the U.S., blue sky laws are the states' securities laws and rules designed to prevent 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]


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