blue-sky laws

07:41 Feb 27, 2020
This question was closed without grading. Reason: Other

English to French translations [PRO]
Bus/Financial - Investment / Securities
English term or phrase: blue-sky laws
Police d'assurance vie en unités de compte. Les assurés peuvent, dans une certaine mesure, joindre leurs propres placements à ceux de la sté d'assurance (états-unienne), mais celle-ci se couvre en cas de pépin, d'où la présence de cet avis :

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES OR ***BLUE-SKY LAWS*** OF ANY STATE OR OTHER JURISDICTION AND MAY NOT BE SOLD, ASSIGNED, TRANSFERRED, PLEDGED, OR OTHERWISE DISPOSED OF IN THE ABSENCE OF (1) AN EFFECTIVE REGISTRATION STATEMENT FOR SUCH SECURITIES UNDER APPLICABLE LAW OR (2) AN OPINION OF COUNSEL, SATISFACTORY TO THE COMPANY.

Je comprends que ces blue-sky laws ont pour objet de protéger les investisseurs contre les fraudes :
Blue Sky Laws
In addition to the federal securities laws, every state has its own set of securities laws—commonly referred to as "Blue Sky Laws"—that are designed to protect investors against fraudulent sales practices and activities.

https://www.sec.gov/fast-answers/answers-blueskyhtm.html

Pour l'anecdote, une explication - à vérifier ? - de l'origine de l'expression: The term "blue sky law" is said to have originated in the early 1900s, gaining widespread use when a Kansas Supreme Court justice declared his desire to protect investors from speculative ventures that had "no more basis than so many feet of 'blue sky.'"
https://www.investopedia.com/terms/b/blueskylaws.asp

Existe-t-il une trad officielle/reconnue en français ? Sinon, je pars provisoirement sur : « ...OU DES LOIS SUR LES TITRES OU DITES « BLUE SKY » (PROTECTION DES INVESTISSEURS) DE TOUT ÉTAT OU AUTRE JURIDICTION...»

Merci !

(USEN>FRFR)
ph-b
France
Local time: 18:37


Summary of answers provided
4lois «Blue Sky» (lois anti-fraudes concernant la vente des valeurs mobilères aux Etats-Unis)
Eliza Hall
3 -2Lois 'Blue-sky' (Lois fédérales américaines en matière de placement sécurisé de titres)
Adrian MM.
Summary of reference entries provided
Blue sky laws
Germaine

Discussion entries: 10





  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -2
(AmE) blue-sky law/s
Lois 'Blue-sky' (Lois fédérales américaines en matière de placement sécurisé de titres)


Explanation:
Perhaps repeat an inverted version of the American and add a 'short' explanation without any need to refer to infamous US-Am. fraudsters.

Otherwise, use the 'protection des investisseurs' idea.

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Note added at 4 hrs (2020-02-27 11:50:21 GMT)
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I meant individual Federal State - not nationwide - laws...

Example sentence(s):
  • USA: A blue sky law is a state law in the United States that regulates the offering and sale of securities ostensibly to protect the public from fraud.
  • CH: Art. 7 Transparence en matière de décompte des transactions . 6 En matière de placements collectifs, les dispositions de la Loi fédérale

    Reference: http://www.groupe-indicia.com/enquetes-civiles/lutte-contre-...
    Reference: http://en.wikipedia.org/wiki/Blue_sky_law
Adrian MM.
United Kingdom
Native speaker of: Native in EnglishEnglish
Notes to answerer
Asker: Merci, Adrian, mais s'agit-il de lois fédérales ? Je pensais que ça se passait au niveau de chaque État de l'Union.


Peer comments on this answer (and responses from the answerer)
disagree  Germaine: placement "sécurisé" ??? // En remplaçant une bonne idée par qlqe chose qui n'a aucun rapport? // Escroquerie et tromperie sont des synonymes de Fraude. En français, un terme suffit généralement.
7 hrs
  -> Alt. : '() lois étatiques sur la lutte contre la fraude, escroquerie et tromperie ...' // https://www.groupe-indicia.com/enquetes-civiles/lutte-contre... In FR &EN, fraud is crim. vs. tromperie with a lower standard of proof.

disagree  Eliza Hall: They're not federal (see link), and what does "placement sécurisé" have to do with it? It's not about secure/safe investments, it's about fraud prevention. Link: https://www.sec.gov/fast-answers/answers-blueskyhtm.html
10 hrs
  -> I couldn't fit in lutte contre la fraude ou l'escroquerie on the answer line, plus I explain to the asker that the laws are federal state-based, not nationwide.
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11 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
lois «Blue Sky» (lois anti-fraudes concernant la vente des valeurs mobilères aux Etats-Unis)


Explanation:
Blue-sky laws are state laws (not federal) in the US whose purpose is to prevent fraud in the sale of securities: https://www.sec.gov/fast-answers/answers-blueskyhtm.html

More detail: "Blue sky laws are state-level, anti-fraud regulations that require issuers of securities to be registered and to disclose details of their offerings...."
https://www.investopedia.com/terms/b/blueskylaws.asp

Eliza Hall
United States
Local time: 12:37
Works in field
Native speaker of: Native in EnglishEnglish

Peer comments on this answer (and responses from the answerer)
neutral  Adrian MM.: You again have retained the structure () and merely re-worded my answer. Though picking up on the (Federal) State law point, omitted to reflect this vital element in the French. PS it's anti-fraude**// If anyone is mala fide, 'tis not I.
48 mins
  -> If I have "merely rearranged" your answer, why did you disagree? Not a good-faith move on your part, is it.

neutral  Germaine: "antifraude" et "vente" m'apparaissent limitatifs par rapport à la portée de ces lois + je déplacerais ("blue sky laws") à la fin// See how "limitative" is, for ex., this one: https://www.jdsupra.com/legalnews/new-york-s-blue-sky-law-ma...
7 hrs
  -> They are "limitatif" for a good reason: those are the limits of Blue Sky laws. These laws exist to protect purchasers of securities against fraud by the sellers or brokers offering the sale.
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Reference comments


9 hrs
Reference: Blue sky laws

Reference information:
Amérique du Nord
DEF: Laws intended to stop the sale of stock in fly-by-night concerns, visionary oil wells, distant gold mines, and other like fraudulent exploitations.
CONT
Blue Sky Laws ... The state of Kansas, most wonderfully prolific and rich in farming products, has a large proportion of agriculturists not versed in ordinary business methods. The State was the happy hunting ground of promoters of fraudulent enterprises; in fact their frauds became so barefaced that it was stated that they would sell building lots in the blue sky in fee simple. Metonymically they became known as the blue sky merchants and the legislation intended to prevent their frauds was called Blue Sky Law.

DEF
Nom populaire donné à la législation sur le règlement et le contrôle des sociétés de placements, destinée à protéger le public contre des promesses de profits fallacieuses.
• loi contre l'escroquerie en matière de sociétés de placement
• loi sur la protection de l'épargne
• loi sur les châteaux en Espagne (!)


    Reference: http://www.btb.termiumplus.gc.ca/tpv2alpha/alpha-fra.html?la...
Germaine
Canada
Specializes in field
Native speaker of: French
PRO pts in category: 26
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