20:08:07:32Canadian-United States cross-border trading
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
exemption. 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.
Source: 30 SDR 211, effective July 1, 2004.