Raymond James | Glossary of Investment Terms

Raymond James | Glossary of Investment Terms: "Blue Sky Laws – A popular name for laws various states have enacted to protect the public against securities frauds. The term is believed to have originated when a judge ruled that a particular stock had about the same value as a patch of blue sky."

Replacing the values of right and wrong are the concepts of legal and illegal as if that’s the beginning and end of what dictates behavior. -Charles Osgood