blue-sky law


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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 ?
Very little override action was taken prior to 1991, although four states took action to override the blue-sky law exemption in 1985 and 1986 (see Table 1).
Viola's examination experience includes financial statement, performance advertising, and disclosure document reviews, as well as, analysis of investment adviser and hedge fund issues arising under ERISA and blue-sky laws
State securities regulators are renewing their fight to prevent a key JOBS Act provision from allowing issuers to circumvent state securities regulations, also known as "blue-sky laws." Backers of the rule change say it will free up investment capital, but state regulators say it will make investors vulnerable to fraud.