blue-sky law

Definition of "blue-sky law"
  1. A regulation governing the sale of securities, such as stocks, with the objective of hindering fraudulent activities
How to use "blue-sky law" in a sentence
  1. The state's blue-sky law has been instrumental in mitigating fraud in local stock trading.
  2. To comply with the blue-sky law, all securities offered in the market must be registered.
  3. Without the enforcement of the blue-sky law, investors would be more susceptible to deceitful practices.

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