A person may not offer to sell or sell a security in this state unless the security:
(1) Is registered under this chapter;
(2) The security or transaction is exempt under this chapter; or
(3) It is a federal covered security.
Registration requirement
R.I. Gen. Laws § 7-11-301., under Chapter 7-11 Rhode Island Uniform Securities Act.
R.I. Gen. Laws § 7-11-301.