It is unlawful for a person to offer or sell a security in this State unless: (1) the security is a federal covered security; (2) the security, transaction, or offer is exempted from registration under Sections 35-1-201 through 35-1-203; or (3) the security is registered under this chapter.
Securities registration requirement
S.C. Code Ann. § 35-1-301, under Title 35, Chapter 1.
S.C. Code Ann. § 35-1-301