In the United States all securities related activities are regulated both by federal laws (see SEC) and by state laws commonly referred to as Blue Sky Laws. These are intended to protect investors from fraud, which means that companies need to comply with the Blue Sky Laws in every state in which their investors live, not just the state in which they operate. Blue Sky Laws are another good reason to hire a securities lawyer!
About this site
Developed by third generation entrepreneur, angel investor, former tech VC Don Gooding to help entrepreneurs everywhere understand their financing options.