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
 Related Terms
 Blue chip company
Blue chip stock
Blue list
Blue skying

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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

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