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He brought suit against them as sellers of unregistered securities , even though the investors themselves did not actually offer or sell any securities , on the theory that they entered into a civil conspiracy to aid and abet the unlawful sale of securities . The " administrative " requirement of registration of marriage and denial of judicial remedies for disputes relating to unregistered marriages , for example , has been used to regulate substantive aspects of Shari'a , such as minimum age of marriage , unilateral divorce by the husband and polygyny . Second , the district court concluded that , even if there is secondary liability under 17-1268 ( a ) for the sale of unregistered securities , the stipulated facts would not support a finding that Oppenheimer was liable as an aider and abettor . In a footnote , the South Carolina court observed that , even though Pinter 's definition of a statutory seller applied only to the provision prohibiting the sale of unregistered securities , the language in the misrepresentation provision was identical to that in the unregistered securities provision and federal courts have applied the Pinter standard to the misrepresentation provision . As for the issue of unregistered stocks , the time and place of the meeting as well as the matters to be deliberated at the meeting shall be announced 30 days in advance . Lawrence in the sale of unregistered securities , the trial court cited all the cases from other courts that were discussed in this opinion in Issue 1 .