The Massachusetts Securities Division and representatives of the Massachusetts Securities Bar are currently reevaluating Massachusetts blue sky regulation. In this article, the author reviews the existing practices, and concludes that the Division has waivered between adopting a merit review or disclosure approach to regulation of registered and exempt offerings. The author concludes that vigorous merit review is unjustified under the Massachusetts statute, and advocates fundamental reform of existing practices to ensure certainty in regulation and national uniformity.
Honig, Stephen M.
"Massachusetts Securities Regulation: In Search of the Fulcrum,"
University of Baltimore Law Review: Vol. 13
, Article 3.
Available at: http://scholarworks.law.ubalt.edu/ublr/vol13/iss3/3