Capital MarketsQuestion 328 of 398
State securities laws designed to protect investors from fraudulent offerings within a state are commonly known as:
a.Blue-chip laws
b.Blue-sky laws
c.Green-shoe laws
d.Red-herring laws
Explanation
Blue-sky laws are state-level securities regulations that require registration of certain offerings and the licensing of securities professionals within each state. The Uniform Securities Act serves as a model for many states' blue-sky laws, complementing federal regulation.
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