A contract or modification of a contract for the sale or purchase of a security is enforceable whether or not there is a writing signed or record authenticated by a party against whom enforcement is sought, even if the contract or modification is not capable of performance within one year of its making.
Statute of frauds inapplicable
S.C. Code Ann. § 36-8-113, under Title 36, Chapter 8.
S.C. Code Ann. § 36-8-113