Definitions for "Blue Sky Laws"
Keywords:  fraud, sky, salesmen, issuance, enacted
State regulations governing the sale of securities and mutual funds, designed...
State statutes that protect the public against securities frauds of real estate companies. These include regulations over the licensing of brokers, registrations, new securities and formal approvals by applicable government agencies.
A body of state laws governing registration and distribution of mutual fund shares. For example, Blue Sky Laws require sellers of mutual funds to register the funds, and provide financial details so that investors can base their judgment on relevant data. All 50 states and the District of Columbia regulate mutual funds.
Keywords:  directors, board
Board Of Directors