Rule 144 Specialist
In wealth management, a Rule 144 Specialist is someone who knows what the Securities and Exchange Commission (SEC) for sales on securities.
Rule 144 was adopted in 1972 by the SEC. Rule 144 is an important federal securities law which dictates when, and under what conditions, a person or entity may sell shares of restricted stock into the public marketplace.
Security sales must meet a series of conditions, including filing paperwork with the SEC and compliance with regulations that address when, how and how much restricted or control stock may be sold. Failure to comply with Rule 144 can lead to sanctions by the SEC.
You need to find a Rule 144 Specialist to help you navigate your sale of restricted or control stock under the Securities and Exchange Commission Rule 144.
With so many restrictions, regulations and rules regarding certain sales of securities, it is always safer to just find a Rule 144 Specialist.
posted by Athletes' Acceleration @ 9:11 AM
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Amemdments to Rule 144 from the SEC. Rule 144 Specialist
These amendments may also impact sponsors in a number of different ways, including by providing them with more flexibility to (i) resell securities received by them in connection with the sale of a portfolio company and (ii) resell securities acquired in a PIPE transaction without relying upon a resale registration statement. In light of the reduced holding periods and elimination of other requirements effected by these amendments, sponsors should also take a fresh look at the need for contractual post-IPO transfer restrictions on management and equity co-investors.
The amendments to Rule 144 also eliminate the manner of sale restrictions as to debt securities (including non-participating preferred stock) and increase the volume limitation of permitted resales during any three month period from 1% to 10% of any tranche of debt securities (or class of non-participating preferred stock).
The first sentence of your home page is not correct grammatically:
In wealth management, a Rule 144 Specialist is someone who knows what the Securities and Exchange Commission (SEC) for sales on securities.
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