Control persons are insiders subject to special rules about trading in the company's shares and passing on information about the company that would be important to a decision about buying or selling its shares. They include executive officers, directors, and the owners of more than ten percent (10%) of the company's shares. Securities laws place potential liability for investor losses onto persons who "control" the company.
These are persons who have special influence on the company-such as officers, directors and person who own 10% or more of the stock. These persons must meet strict regulations regarding the buying and selling of the company's stock.
a person who has a special influence in a company (an officer of the company, a member of its board of directors, a person who own at least 10% of the company's stock), and who must therefore adhere to particularly strict regulations in buying and selling the company's stock
A person subject to special rules of the SEC when acquiring or selling control stock. A Control Person is one who: (1) owns or controls 10% or more of the voting stock of a corporation; (2) holds a position as an officer or director of a corporation, or (3) is in a position to influence the decision making process of a corporation.