LSI ANNUAL CONFERENCE 2008 – BLUE SKY LAW
By Jim Gulseth, JGPC LAW, Pleasanton, California
I. What Are “Blue Sky” Laws?
“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 stock brokers and brokerage firms. Each state’s blue sky law is administered by