It is unlawful for a person to offer or sell a security in this State unless:\n(1) the security is a federal covered security;\n(2) the security, transaction, or offer is exempted from registration under sections 611 through 613; or\n(3) the security is registered under this chapter.
U.S. Virgin Islands Legal Code
621
U.S. Virgin Islands § 621 — U.S. Virgin Islands law