Blue Sky Laws

Definition

State regulations governing the sale of securities and mutual funds, designed to safeguard investors from being lured into fraudulent or unscrupulous deals. Under this memorandum, only appointed brokers or agents, who are appropriately licensed within the jurisdiction, are allowed to make securities transactions.

Use Blue Sky Laws in a sentence

You should always try and make sure that you are doing things that will be ok under the rules of the blue sky laws.

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There were some blue sky laws in place and they were meant to assist everyone in case something bad was going to happen.

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He would have been in trouble without the blue sky laws there to protect him from the guy trying to sell him fraudulent mutual funds.

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