Blue Sky Laws

Investor Claims Is What We Do - All Day, Every Day

Since 1999 our law firm has recovered more than $350,000,000 for victims of investment fraud and misconduct.
  • Jury Verdict Won Against Prudential Securities $262 Million
  • Recovered for 100-Year Old Widow $30 Million
  • Recovered in Retirement Losses $10 Million
  • Recovered for a Large Group of Individual Investors $6.5 Million
  • Recovered for Elderly Victim in Ponzi Scheme Case $3.8 Million
  • Recovered for Elderly Ponzi Scheme Victim $3.2 Million
  • Recovered for More Than 50 Families of Ponzi Scheme in California $3.2 Million
  • Recovered for 35 Families in Northeast Ohio $3.1 Million
  • Losses Recovered for 20 Retirees $3 Million
  • Recovered for Retired Physician Against Major Wall Street Firm Prior to Filing FINRA Arbitration $2.5 Million

What Are Blue Sky Laws?

The U.S. Securities and Exchange Commission (SEC) isn’t the only one that regulates the securities industry; each state has its own rules. These laws are referred to as blue sky laws which regulate broker-dealers, securities, brokers, investment advisors, and financial planners. They are designed to protect investors from securities fraud. For the most part, these laws require the registration of securities offerings, sales, brokers, investment advisors, brokerage firms, and anyone who sells securities. Each state has a Securities Commission in charge of overseeing this law.

Recognizing Blue Sky Law Violations

If a company fails to register its securities with the state or doesn’t register the firm, it may be considered a blue sky law violation. Keep in mind that there are some exceptions to this rule, which can be discussed with an experienced investment fraud attorney from our firm.

Blue sky laws help investors obtain recovery of their money if a violation of the law occurs. Below are some of the advantages that blue sky laws provide to investors:

  • Certain violations are fairly straightforward to prove. For example, a security is either registered in a state or not. You can contact your state’s securities regulator to find out.

  • The burden of proof lies on the seller of the security if they, their firm, or the security is not registered in the state. The broker would have to prove that the registration wasn’t required.

  • Blue sky laws tend to favor investors and put the risk of loss on the broker (or other seller of the security) for any violation. This is referred to as strict liability.

  • There is something known as a “right of rescission” under most blue sky laws, which means if you discover that your broker or the security is not registered, you can pursue a legal claim.

To have a successful blue sky law violation claim, you need to show that you purchased an unregistered security and, that the brokerage firm wasn’t registered in your state, or that there was another violation of the applicable blue sky law. You also need to provide information regarding the transaction and the losses you are trying to recover.

For a free case evaluation, contact an experienced investment fraud lawyer at Meyer Wilson. Our investment fraud attorneys have helped more than 800 investors across the country and have recovered millions of dollars in losses for our clients. Contact us today or fill out our online contact form.

The Meyer Wilson Way

Results-Focused Representation
  • More than $350,000,000 Recovered
  • Voted Best Lawyers in America┬« for over Ten Years Running
  • David Meyer is the Immediate Past-President of Public Investors Advocate Bar Association (PIABA)
  • Over a Thousand Investor Claim Cases Since 1999
  • Exclusive Focus on Investor Claims & Class/Mass Action Lawsuits
  • Deep Bench of Skilled Attorneys and Staff Members

TRUSTED BY OVER 1,000 INVESTORS

Meyer Wilson has represented over 1,000 individual investors in high-stakes claims across the country, and has recovered over $350 million on their behalves. See what former clients have to say about our team.

  • “I primarily worked with Courtney Werning throughout the process and she was informative and knowledgeable. I trusted and fully recommend Courtney and her team.”

    - S.R.
  • “The communication throughout the process was on par - and they took the time to indulge me with the various questions and opinions.”

    - R.G.
  • “What I truly appreciated was getting a great result for my Mom with limited involvement/stress on her.”

    - S.W.
  • “We went to arbitration with the other respondent and I got to see firsthand the level of professionalism and expertise the Meyer Wilson firm can deliver.”

    - D.V.
  • “Chad would take the time to call and talk with me. His explanations were always clear and concise. I also appreciate all the effort put into the details and statistics required to argue this case.”

    - P.N.
  • “Meyer Wilson was able to produce the results that we felt were obvious and warranted while several other firms and even state offices simply had trouble understanding let alone moving the case forward.”

    - B.K.
  • “My overall experience was positive and I would encourage anyone who even thinks they have been a victim of stockbroker misconduct to call David.”

    - S.T.
  • “Meyer Wilson represented me in a suit brought last year against my brokerage firm, securing a very fair and equitable settlement for me.”

    - R.G., M.D.
  • “Right from the start, you had the passion and desire to win this case for us. I have never worked with an attorney or firm as compassionate as yours. I would highly recommend your firm to anyone.”

    - G.A.

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