Unlawful to offer or sell unregistered securities—Exceptions.
It is unlawful for any person to offer or sell any security in this state unless: (1) The security is registered by coordination or qualification under this chapter; (2) the security or transaction is exempted under RCW
21.20.310,
21.20.320, or
21.20.880; or (3) the security is a federal covered security, and, if required, the filing is made and a fee is paid in accordance with RCW
21.20.327.