merit regulation
merit regulation. Under state blue-sky laws, the practice of requiring securities offerings not only to be accompanied by a full and adequate disclosure but also to be substantively fair, just, and equitable.
Search Results for: BLUE-SKY
securities act
securities act. A federal or state law protecting the public by regulating the registration, offering, and trading of securities. See SECURITIES ACT OF1933; SECURITIES EXCHANGE ACT OF1934; BLUE-SKY LAW.
new issue
A stock or bond sold by a corporation for the first time, often to raise working capital. See BLUE-SKY LAW.
blue sky
blue-sky, vb. To approve (the sale of securities) in accordance with blue-sky laws (the company’s IPO has not yet been blue-skyed). blue-sky, adj. (Of a security) having little value.
bad-boy provision
bad-boy provision 〈美〉违规者条款；「坏孩子」条款 「蓝天法」〔blue-sky law〕中的条款，规定对于某些人——主要指证券发行人、公司董事或其他高级职员、证券商等——因其过去的行为而无权从证券登记中获得任何豁免。
bad boy provision
bad-boy provision. Securities. A statutory or regulatory clause in a blue-sky law stating that certain persons, because of their past conduct, are not entitled to any type of exemption from registering their securities. • Such clauses typically prohibit issuers, officers, directors, control persons, or broker-dealers from being involved in a limited offering if they have