SEC Rule 144 allows for the resale of Restricted Securities to the public in limited quantities. Rule 144 generally applies to Corporate Insiders and buyers of Private Placement securities that were sold under exemptions from the SEC's registration statement requirements defined in the Securities Act of 1933. Under Rule 144, Restricted Securities may be sold to the public by Corporate Insiders and buyers of Private Placements, prior to a two year holding period, without full registration of such securities under specific conditions and limitations. After a two year holding period, resale of such securities by non-affiliates of the Issuer to the public are unrestricted.
Restricts solicitation of buyers to complete the sell order of an insider (unless the firm is already a buyer); signified by a flashing "E" on Quotron.
An SEC rule specifying the conditions under which a holder of unregistered securities may publicly sell them without filing a formal registration statement.
Rule 144 provides for the sale of certain securities that have not been registered with the SEC. Under Rule 144 certain restricted shares acquired from a company, or an affiliate of a company (that is, stock that has not been registered) may be sold after they have been held for a period of one year. Rule 144 also provides for sales of unregistered shares by affiliates of such companies, and the manner and timing of those sales. For purposes of Rule 144, an affiliate is someone who controls, or is controlled by, the company issuing the securities.
Provides for the sale of restricted stock and control stock. Filing with the SEC is required prior to selling restricted and control stock. The number of shares which may be sold is limited.
The rule governing sales of shares by controlling shareholders and holders of restricted stock.
Rule that governs the sale of control and restricted securities.
An SEC rule permitting the occasional sale of restricted ("letter") securities in modest amounts by certain persons without registration with the SEC.
Rule that stipulates the conditions in which an unregistered security may be sold by a broker. Specific documentation must be completed by the owner and presented to a broker before a sell order can be placed. Moreover, a letter security may not be sold for at least two years from the date of purchase. Thereupon, during any three month period, the following amounts may be sold: * If the corporation's securities are unlisted, 1% of the outstanding shares; * If the corporation's securities are listed, the greater of 1% of the amount outstanding or the average trading volume within the past four weeks. See: Broker; Letter Security; Listed Security; Unlisted Stock; Unregistered Stock; Volume
(go to top) The US Securities and Exchange Commission regulation that covers the selling of restricted securities.
