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Blue sky laws

• In the early 1900's, a Kansas Supreme Court Justice wanted to protect investors from speculative ventures, i.e. those with no more basis than so many feet of blue sky. Today the term refers to state regulations regarding the securities industry.

• State laws covering the issue and trading of securities.

 
 Embedded terms in definition
 Basis
E
Industry
Issue
Securities
Trading
 
 Related Terms
 Blue chip company
Blue chip stock
Blue list
Blue skying

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