South Carolina § 39-73-30 Purchasers or sellers as to whom prohibition not applicable.

South Carolina Statutes

§ 39-73-30 — Purchasers or sellers as to whom prohibition not applicable.

South Carolina·Title 39 TRADE AND COMMERCE·Ch. 73 STATE COMMODITY CODE

(A)The prohibitions in Section 39-73-20 do not apply to transactions offered by and in which any of the following persons, or an employee, an officer, or a director of them acting solely in that capacity, is the purchaser or seller:

(1)a person registered with the Commodity Futures Trading Commission as a futures commission merchant or as a leverage transaction merchant whose activities require registration;

(2)a person registered with the Securities and Exchange Commission as a broker-dealer whose activities require registration;

(3)a person affiliated with, and whose obligations and liabilities under the transaction are guaranteed by, a person referred to in item (1) or (2);

(4)a person who is a member of a contract market designated by the Commodity Futures Trading Commission, or c

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(A) The prohibitions in Section 39-73-20 do not apply to transactions offered by and in which any of the following persons, or an employee, an officer, or a director of them acting solely in that capacity, is the purchaser or seller: (1) a person registered with the Commodity Futures Trading Commission as a futures commission merchant or as a leverage transaction merchant whose activities require registration; (2) a person registered with the Securities and Exchange Commission as a broker-dealer whose activities require registration; (3) a person affiliated with, and whose obligations and liabilities under the transaction are guaranteed by, a person referred to in item (1) or (2); (4) a person who is a member of a contract market designated by the Commodity Futures Trading Commission, or clearinghouse of it; (5) a financial institution; (6) a person registered under the laws of this State as a securities broker-dealer whose activities require registration. (B) The exemptions in this section do not apply to a transaction or an activity prohibited by the Commodity Exchange Act or a CFTC Rule.

South Carolina § 39-73-30 (Purchasers or sellers as to whom prohibition not applicable.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.