Rule 144 Lawyer
Call 888-978-9901 to Request a Consultation
We work with shareholders, brokers, corporate issuers and market makers,
helping make the most of Rule 144 that allows for the public resale of
controlled and restricted securities contingent on some conditions. Our
attorneys are here to help you make sure that you meet these conditions.
Get in touch with to better plan and execute the sale of restricted or
Are you an executive who is planning to sell restricted or control stock?
Under the United States Securities Laws, shares of stock will have to
be registered with the Securities and Exchange Commission prior to the
selling of such stock in the open marketplace. Rule 144, however, is an
exception to this requirement.
Rule 144 allows for the public resale of control securities and restricted
securities when a set of conditions are met. If you need to sell your
restricted or control securities, we encourage you to
speak with the Securities Compliance Group today.
Selling Restricted or Control Stock Under Rule 144
Control securities are held by an executive of an issuing company and restricted
securities are those which are obtained in unregistered and private sales
or from an affiliate of the issuer. If you want to sell your restrictive
or control securities, you will need to meet the conditions that are set
forth in Rule 144.
Following are the conditions of Rule 144:
Completion of the holding period – You must hold the restricted securities for a certain period of time depending
on the company that issued the securities.
Adequate amount of information on the issuing company – There will need to be a sufficient amount of information regarding the
issuing company available before the sale can be completed.
Trading volume formula compliance – The formula determines what percentage of the share will be sold
in a given period of time.
Ordinary brokerage transaction usage – The sales must be handled as a routine trading transaction in
Filing a notice of proposed sale – The affiliate will need to submit a notice with the SEC and will
need to complete the sale within three months.
Contact Securities Compliance Group
As an executive or director within a company, you may face a Rule 144 matter
that will need the close attention of a dedicated lawyer from Securities
Compliance Group. We offer total representation to help you handle your
securities needs. We have provided high-quality representation to issuers
and shareholders in various aspects of securities law. We offer one day
turnaround for all Rule 144 opinion letters. In addition, we can seek
out solutions to complex restricted stock situations. Do not hesitate
to email our company today!