# S.C. Code Ann. § 39-73-30: SECTION 39-73-30. Purchasers or sellers as to whom prohibition not applicable

> South Carolina · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-30

## Section

- **Citation:** S.C. Code Ann. § 39-73-30
- **Heading:** SECTION 39-73-30. Purchasers or sellers as to whom prohibition not applicable
- **Jurisdiction:** South Carolina
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** SC Code / Title 39 / Chapter 73 / Article 1 / Section 39-73-30

## Text

(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.

## Nearby sections

- [S.C. Code Ann. § 39-73-10 SECTION 39-73-10. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-10.md)
- [S.C. Code Ann. § 39-73-20 SECTION 39-73-20. Commodity transactions under commodity contract or option restricted.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-20.md)
- [S.C. Code Ann. § 39-73-30 SECTION 39-73-30. Purchasers or sellers as to whom prohibition not applicable.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-30.md)
- [S.C. Code Ann. § 39-73-40 SECTION 39-73-40. Transactions as to which prohibition not applicable.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-40.md)
- [S.C. Code Ann. § 39-73-50 SECTION 39-73-50. Commodity merchant required to be registered, temporarily licensed, or exempt; board of trade must be designated.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-50.md)
- [S.C. Code Ann. § 39-73-60 SECTION 39-73-60. Prohibited acts.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-60.md)
- [S.C. Code Ann. § 39-73-70 SECTION 39-73-70. Agency, vicarious, and joint and several liability.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-70.md)
- [S.C. Code Ann. § 39-73-80 SECTION 39-73-80. Chapter not to impair other state securities laws.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-80.md)
- [S.C. Code Ann. § 39-73-90 SECTION 39-73-90. Construction and implementation of chapter; no private right of action created.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-90.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-30. Check the current official text before relying on it. Not legal advice.