☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Blue Sky Law

State laws regulating the offer and sale of securities to protect investors from fraud. The term derives from concerns about speculative schemes that had no more basis than so many feet of blue sky.

Etymology: American English, from judicial opinion describing fraudulent securities · Category: Securities Law · Source: Hall v. Geiger-Jones Co., 242 U.S. 539 (1917)
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