Blue Sky Laws
- Regulations designed to guard individuals against investing in fraudulent companies by mandating such firms to provide information to and gain the approval of either state or federal corporate activity overseers
- After the Ponzi scheme scandal, Blue Sky Laws were strengthened to protect future investors.
- To keep from getting embroiled in fraudulent investments, she thoroughly researched Blue Sky Laws.
- Under the Blue Sky Laws, the company was required to submit detailed financial records before they could sell any stock to the public.
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