Blue Sky laws are state securities laws.
蓝天法是州的证券法律法规。
The federal securities laws preempt the State Blue Sky laws.
联邦证券法优先于州蓝天法。
The kind as kind cannot be perceived: the laws of the celestial motions are not written on the sky.
类作为类是不能被知觉的,星球运动的规律并不是写在天上的。
The problem with the Blue Sky Laws was that they were each state done separately and it was hard for states to manage what were, basically, national businesses.
蓝天法的问题在于,各州的法律都是分开制定的,由各州政府去处理,然而全国性的问题却无从解决
There are different theories about why they call them Blue Sky Laws.
至于为什么把它叫做蓝天法,有很多不同的说法
So the Blue Sky Laws were basically coming in the teens.
所以蓝天法仅上世纪初被广泛使用
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