blue-sky law


Also found in: Thesaurus, Legal, Financial.

blue-sky law

n.
Any of various state laws regulating the issuance and sale of securities in order to protect the public from fraud.

blue-sky law

n
(Stock Exchange) US a state law regulating the trading of securities: intended to protect investors from fraud

blue′-sky′ law`


n.
a law regulating the sale of securities or real estate, esp. one designed to prevent the sale of fraudulent stocks.
References in periodicals archive ?
These steps included the preemption of state blue-sky laws, favorable margin rules and eligibility for "shelf" registration.