What is the purpose of blue-sky laws? ...

[elizabeth18]

What is the purpose of blue-sky laws? Explain.

Question 2

Jack and Adam were the employees of Steel Co Inc Both of them performed equal work in the industry, however, the company decided to give a 40 percent hike to Jack because he was senior to Adam, whereas Adam was only given a 20 percent pay hike to his salary. In this scenario, the company wage differential is justified under the:
 A) Bennett Amendment.
 B) discretionary power of company.
 C) public policy exception.
 D) Lilly Ledbetter Fair Pay Act.

[frankwu0507]

Answer to Question 1

The purpose of blue-sky laws is to prevent fraud through the sale of worthless stocks and bonds. State blue-sky laws apply only to intrastate transactions. These security laws vary from state to state. Some prescribe criminal penalties for engaging in prohibited transactions. Others require that dealers be licensed and that a state commission approve sales of securities before a corporation offers them to the public.

Answer to Question 2

A