blue-sky law


blue-sky law

n. Any of various state laws regulating the issuance and sale of securities in order to protect the public from fraud.

blue-sky law

n (Stock Exchange) US a state law regulating the trading of securities: intended to protect investors from fraud

blue′-sky′ law`


n. a law regulating the sale of securities or real estate, esp. one designed to prevent the sale of fraudulent stocks.