How Do Blue Sky Laws Vary From State to State? - Transcript
Differ really in the Civil penalties many times and even they sometimes have civil and criminal Authority regulatory Authority there are State Securities divisions in each state that enforce the state blue sky laws you could be investigated uh under Blue Sky laws by estate Securities regulator at the same time as being investigated by FINRA as well as being investigated by the SEC that can happen I mean it usually doesn’t happen but in bigger cases or higher stake situations it very meant well may and then certain States like to piggyback on other states if they see someone’s done something bad in another state they like to ban them from their state hoping that they just stay away they differ from state to state a lot in the penalties and enforcement phases.