No insurance producer may offer or sell any security in this state unless the security is registered or exempt from registration pursuant to chapter 47-31B . Source: SL 2001, ch 287 , § 2; SL 2004, ch 278 , § 68.
Sale of unregistered securities by insurance producer prohibited
SDCL § 58-33-91 — under UNFAIR TRADE PRACTICES.
SDCL § 58-33-91