S.C. Code Ann. § 35-1-1540
Person violating chapter not allowed to sue on contract
Published Jan 1, 2004
No person who has made or engaged in the performance of any contract in violation of any provision of this chapter or any rule or order hereunder or who has acquired any purported right under any such contract with knowledge of the facts by reason of which its making or performance was in violation, may base any suit on the contract.