blue skying

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Blue Skying

Referring to research done to ensure that a new issue of a security complies with applicable laws in the state in which it is issued. It especially refers to laws protecting investors from securities fraud. The term became popular when U.S. Supreme Court Justice Joseph McKenna wrote in Hall vs. Geiger-Jones Company (1917) that he wished to protect investors from securities with "no more basis than so many feet of 'blue sky.'" See also: Due Diligence.

blue skying

Used to refer to the determination of whether a new issue of securities meets the requirements for distribution in the various states where the issue will be sold.
References in periodicals archive ?
In a few short months, blue sky scrubs attracted customers from all 50 states and many countries from around the world by helping people with cancer smile.
She determined their colour, clarity and brightness, cloud density and how each blue sky made visiting holidaymakers feel.
When that company closed, a few of us started Blue Sky with just three small computers.
Forestry sector employees contribute nearly $32 million annually to the local retail and service sectors, and of the $324 million spent annually by the forestry sector on goods and services, $50 million is spent within the Blue Sky Region.
We have a kind of East Coast style of animation," says Blue Sky G.
Blue Sky Chimney Sweeps is family owned and operated, and the team has over 20 years of experience in the chimney repair and cleaning field, and all of their masons and sweeps are licensed and insured.
Erickson is benefiting from enhanced efficiency, security, and two-way communication across the world, with Blue Sky Network.
With New SkyRouter and Blue Sky Network's Iridium Satellite based products, Air Greenland fleets will benefit from a reliable communication and fleet management solution that includes advanced tracking technologies and pole-to-pole connectivity with assets across the globe - features not attainable through other satellite networks.
A past client of Blue Sky stated: "I was worried about my chimney's functionality and so I called Blue Sky and they came out and did a professional inspection of my chimney and it turns out it just needed a cleaning, is all.
Certificate enables deployment of Blue Sky Network's satellite phones on a C-212-200 Airbus Military aircraft
com)-- Blue Sky Homes LLC, the company pioneering a revolutionary prefabricated light-gauge steel framing system for use in residential homebuilding, announced today that construction would begin on its next project in mid-February in Southern California.
And that, according to Blue Sky Capital, a San Diego-based real estate investment firm, makes now the best time to get back into real estate.