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Author	Topic: Blue Sky states
mktgurl New User	posted 08-09-2004 04:21 AM Is there a listing anywhere of all the Blue Sky law states, and what the law entails? IP: Logged
Mark Astarita Administrator	posted 08-09-2004 06:15 AM Every state has blue sky laws. There is no master list of the laws, although there are commercial publications which contain all of the statutes, and other relevant information. CCH's Blue Sky Reporter is the most used one, but is very expensive. As an alternative, most of the states have their statutes on line, but you will need to visit their web sites to get the statutes. ------------------ This message is general information only, and is not intended as legal advice. Do not rely upon this message without speaking to an attorney. IP: Logged
world's greatest salesman New User	posted 08-12-2004 02:51 AM quote: Originally posted by mktgurl on at Is there a listing anywhere of all the Blue Sky law states, and what the law entails? Greetings, It is our desire to offer securites through a REG D offering. The provision that disallows general advertising is tricky. Our question is this- If we purchase a data base of "accredited investors" and mail to them is that OK? Rocky Snider IP: Logged
Mark Astarita Administrator	posted 08-12-2004 03:21 PM Nope ------------------ This message is general information only, and is not intended as legal advice. Do not rely upon this message without speaking to an attorney. IP: Logged
Mark Astarita Administrator	posted 12-31-2006 01:27 AM . IP: Logged
superman Long Time User	posted 01-02-2007 09:57 AM I was told by many in the industry that the reason state actions are up is that after one state sues a BD, fund cmplex, etc. and gets a large settlement or wins a lawsuit; other states jump on and sue based on their own state's blue sky laws. They have be likened to voltures. I personally think that is a little harsh; and perhaps the better question is whether state securities regulation is even necessary. Isnt it 53 duplicative regimes in place. (same can be said for insurance and banking regulation). Some might argue that certain securities transactions are intrastate and cant be governed by the Fed. But there is plenty of case law out there that says intrastate activities can still have an impact of interstate commerce. To the person who wants to buy a list of accredited investors; don't skimp out on hiring a qualified securities attorney. ------------------ P.S. This is not legal advice and should not be relied upon as such. This is one man's views. Please seek out a qualified securities attorney for guidanceon any and all issues. IP: Logged
fred333 Long Time User	posted 02-04-2008 04:49 AM That is some great advice. I know it helped me out a lot by hiring an attorney. ------------------ Newbie Here! IP: Logged
Mark Astarita Administrator	posted 04-08-2008 03:13 AM The SECLaw.com list of securities administrators and their web sites has been updated. It is located at http://www.seclaw.com/stcomm.htm ------------------ -Mark Astarita Beam & Astarita, LLC This message is general information only, and is not intended as legal advice. Do not rely upon this message without speaking to an attorney. IP: Logged

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This is a general discussion forum, and information posted here is not legal advice. The law varies from state to state, and with different factual situations. Be sure to discuss legal matters with an attorney retained by you before making a legal decision.