Business and Personal Finance Dictionary

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• BLUE SKY LAW
  
  (USA) State laws regulating the offer and sale of securities and the registration of broker-dealers. All securities issued by a company must be offered and sold in compliance with or under an exemption from blue sky laws and regulations of each state in which securities are sold. The name 'blue sky' comes from the preamble to an early Wisconsin law designed to prevent companies from selling pieces of the blue sky to unsuspecting investors.
  
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