SC

South Carolina Blue Sky Laws

South Carolina regulates securities under the South Carolina Uniform Securities Act, enforced by the Securities Division of the Office of the Attorney General. South Carolina adopted the Uniform Securities Act and requires registration or exemption for all securities offered or sold in the state.

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South Carolina Securities Regulatory Overview

Regulatory Body
South Carolina Attorney General's Office, Securities Division
Primary Statute
South Carolina Uniform Securities Act (S.C. Code Ann. 35-1-101 et seq.)

Registration Requirements

South Carolina allows registration by coordination, qualification, or notice filing. Reg D Rule 506 offerings require Form D notice filing with the Securities Division. Filing fee is $300.

Key Provisions of South Carolina Securities Law

Understanding the core regulatory framework in South Carolina:

1

Securities must be registered before offer or sale unless exempt

2

South Carolina adopted the 2002 Uniform Securities Act

3

Anti-fraud provisions apply to all securities transactions

4

The Securities Division has authority to investigate and bring enforcement actions

Available Exemptions in South Carolina

South Carolina provides the following exemptions from full securities registration:

  • Federal covered securities with notice filing
  • Isolated nonissuer transactions
  • Sales to institutional investors
  • Limited offering exemptions for sales to no more than 25 persons
  • Government securities

Penalties for Non-Compliance in South Carolina

South Carolina imposes civil penalties up to $10,000 per violation, criminal penalties including fines and imprisonment, investor rescission rights, and administrative sanctions.

How South Carolina Blue Sky Laws Affect Your Transaction

South Carolina's growing manufacturing and technology sectors generate M&A activity. Transactions involving South Carolina shareholders require compliance when stock is part of the deal. Acquisition Stars handles South Carolina filings for multi-state transactions.

Need Securities Counsel for a South Carolina Transaction?

Acquisition Stars handles blue sky compliance, M&A transactions, and securities offerings nationwide. Managing partner Alex Lubyansky provides direct counsel on every engagement.

Frequently Asked Questions

Common questions about South Carolina blue sky laws and securities compliance

What is South Carolina's Reg D filing fee?
South Carolina charges $300 for Reg D Rule 506 notice filings with the Securities Division.
Who enforces South Carolina securities laws?
The Securities Division of the Attorney General's Office enforces South Carolina's securities laws.
Does South Carolina follow the Uniform Securities Act?
Yes. South Carolina adopted the 2002 Uniform Securities Act.

Need Securities Compliance Counsel in South Carolina?

Our managing partner provides selective securities and M&A counsel for transactions involving South Carolina blue sky law compliance. Submit your transaction details for a preliminary assessment.

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