No person shall offer or sell a security in the District unless the security is registered under this chapter, the security or transaction is exempt under § 31-5604.01 or § 31-5604.02, or the security is a federal covered security.
D.C. Code § 31-5603.01
Section 806 of D.C. Law 13-203 provided: "Titles III and IV shall apply as of June 1, 2001."