Blue sky laws are laws that were purportedly created to help prevent investors from investing in sham companies. These laws make it mandatory that companies that wish to sell shares of their stock to the public, file forms with state and federal officials to gain their approval to do so.
Monday, February 2, 2009
Elsie Law's Daily Dose Of The Law: Blue Sky Laws
Blue sky laws are laws that were purportedly created to help prevent investors from investing in sham companies. These laws make it mandatory that companies that wish to sell shares of their stock to the public, file forms with state and federal officials to gain their approval to do so.
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