ARSD 20:08:07:32
ARSD 20:08:07:32. Canadian-United States cross-border trading exemption
Cite as S.D. Admin. R. 20:08:07:32
Any offer or sale of a security effected by a Canadian broker-dealer exempted from broker-dealer registration pursuant to SDCL 47-31B-401(d) is exempted from the securities registration requirements of SDCL 47-31B-301.