I am trying to get started with the AWS CLI on OSX. I installed aws
via pip. I have created a new user in IAM and attached the pre-built AdministratorAcce
Make sure you are not creating the security group in VPC, if this is the case you need to pass default VPC ID as a parameter.
Also try this with different regions:
aws configure set region
aws ec2 describe-security-groups
NOTE: AWS has started providing default VPC's in most of the regions.
Hope this helps and resolve your issue.