Category Archives: SEC Rule 144
Common Rule 144 Compliance Mistakes That Delay or Prevent the Sale of Restricted Securities
Restricted stock can look ready to sell long before the market will accept it. A shareholder may have owned the securities for years, the company may trade publicly, and a broker may be waiting for instructions. Then the sale stalls because the transfer agent asks for acquisition records, the broker flags control status, the… Read More »
What is the Securities Exchange Commission Rule 144?
Securities and Exchange Commission (“SEC”) Rule 144 is promulgated under the Securities Act of 1933 and deals with a commonly used exemption for security holders to sell restricted securities in public resales. Restricted securities are typically acquired in a private, unregistered sale from an issuing company or one of their affiliates. What are Restricted… Read More »
