Blue Sky Laws (U.S)

What is Blue Sky Laws (U.S)?

Blue Sky Laws (U.S) meaning Laws passed by the states in the U.S. to protect investors. The term traces its origin to a remark made by a Kansas legislator that unless a state passed effective legislation promoters would try to sell shares in the blue sky to unsuspecting investors.

 

reference: http://www.sebi.gov.in/