SIE Exam Question 569: Answer and Explanation

Question: 569

In addition to the federal securities laws, each state has its own set of securities laws, commonly referred to as __________, which are designed to protect investors against fraudulent sales practices and activities.

• A. Blue ocean laws
• B. Blue sky laws
• C. Green field laws
• D. Open sky laws

Correct Answer: B

Explanation:

In addition to the federal securities laws, each state has its own set of securities laws, commonly referred to as blue sky laws, which are designed to protect investors against fraudulent sales practices and activities.