Search results
Results from the WOW.Com Content Network
A blue sky law is a state law in the United States that regulates the offering and sale of securities to protect the public from fraud. Though the specific provisions of these laws vary among states, they all require the registration of all securities offerings and sales, as well as of stockbrokers and brokerage firms .
Every American state has its own securities laws that aim to protect investors against fraud. These laws, called blue sky laws, also oversee the licensing and reporting requirements placed on ...
Joseph Norman Dolley (1860–1940) was the bank commissioner of State of Kansas who pushed for the passage of the first state securities laws, known as the blue-sky laws. [1] J.N. Dolley, as he was known, was born in Boston, Massachusetts, a son of Joseph Norman and Ellen (Broderick) Dolley.
The name that is given to the law indicates the evil at which it is aimed, that is, to use the language of a cited case, "speculative schemes which have no more basis than so many feet of 'blue sky'"; or, as stated by counsel in another case, "to stop the sale of stock in fly-by-night concerns, visionary oil wells, distant gold mines and other ...
The Martin Act was passed by the New York Legislature in 1921, bearing the name of its sponsor in the state assembly, Louis M. Martin. [6] New York was one of the last states to pass an act of this kind, termed "blue sky laws," due in part to lobbying from the state's financial institutions [6] The New York Legislature reportedly intended for the Martin Act to be an "anemic" regulation ...
Fitts's law is a principle of human movement published in 1954 by Paul Fitts which predicts the time required to move from a starting position to a final target area. Fitts's law is used to model the act of pointing, both in the real world, e.g. with a hand or finger, and on a computer , e.g. with a mouse .
In 1911, Kansas became the first state to pass a law regulating the sale of investments. [1] Lawmakers stated that the law was an attempt to prevent the sale of securities which had nothing behind them other than the "blue sky". [2] In the next few years, over 30 states passed similar laws.
The law changed once more in 1991 to allow businesses to open at noon on Sunday. On March 19, 2019 the state Legislature passed a law abolishing the blue law in the state. The bill was then signed by Governor Doug Burgum on March 25, 2019. [60] The blue law expired on August 1, 2019 and the first Sunday with legal morning sales was August 4, 2019.