No insurance producer may offer or sell any security in this state unless the insurance producer is properly registered or exempt from registration pursuant to chapter 47-31B . Source: SL 2001, ch 287 , § 1; SL 2004, ch 278 , § 67.
Sale of securities by unregistered insurance producer prohibited
SDCL § 58-33-90 — under UNFAIR TRADE PRACTICES.
SDCL § 58-33-90