BUTZNER, Circuit Judge:
Johnson, Lane, Space, Smith & Company (Johnson) appeals from a judgment of the district court awarding damages to Marion C. Cannon for Johnson's violation of the South Carolina Blue Sky Act's registration requirement. S.C.Code § 35-1-810. Jurisdiction is based on diversity of citizenship. Liability and damages are stipulated. The sole issue on appeal is whether the district court properly decided that Cannon's action was not barred...
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