P.R. Laws tit. 10, § 871
2019-02-20 00:00:00+00
It shall be illegal for any person to offer or sell any security in Puerto Rico unless:
(1) Said security has been registered under the provisions of this chapter;
(2) the security or transaction is exempted under the provisions of § 882 of this title, or
(3) [the] security in question is a federally covered security.
History —June 18, 1963, No. 60, p. 128, § 301; July 26, 1999, No. 167, § 3.