| Blue Sky Laws |
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Refers
to state regulations to protect investors against securities fraud.
Blue Sky Laws require sellers of new issues to register their offerings
and provide financial details so investors can base judgements on
trustworthy data. |
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The
term is said to of originated in the early 1900's by a Supreme Court
Justice who wanted to protect investors from speculative ventures
that had, "as much value as a patch of blue sky". |
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Dictionary
