In the United States, blue sky laws are state laws designed to protect investors from securities fraud. Furthermore, the laws require dealers and brokers to register their securities offerings and to provide investors with the relevant financial details of each issue. The idea is to make securities offerings transparent and verifiable so the investing public can base their investment decisions on reliable and accurate data. These laws may vary across states.
If you want to see these laws by state, then go to: seclaw.com
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