# S.C. Code Ann. § 39-73-60: SECTION 39-73-60. Prohibited acts

> South Carolina · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-60

## Section

- **Citation:** S.C. Code Ann. § 39-73-60
- **Heading:** SECTION 39-73-60. Prohibited acts
- **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 39-73-60

## Text

No person, directly or indirectly, in or in connection with the purchase or sale of, the offer to sell, the offer to purchase, the offer to enter into, or the entry into of, a commodity contract or commodity option subject to Sections 39-73-20, 39-73-30, or 39-73-40(A)(2) or (4), may: (1) cheat or defraud or attempt to cheat or defraud a person or employ a device, a scheme, or an artifice to defraud a person; (2) make a false report, enter a false record, or make an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading; (3) engage in a transaction, an act, a practice, or a course of business, including without limitation a form of advertising or solicitation which operates or would operate as a fraud or deceit upon a person; or (4) misappropriate or convert the funds, security, or property of a person. Effect of Amendment 2025 Act No. 67, SECTION 3, in the first undesignated paragraph, substituted "39-73-30" for "39-73-310".

## 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_S39-73-60. Check the current official text before relying on it. Not legal advice.