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SEC Shortens Holding Period for Sales of Restricted Securities |
March 13, 2008
Previously published on February 11, 2008
Securities acquired in an unregistered offering, as well as securities held by affiliates of the issuer, may (whether acquired in a registered offering or not) only be sold upon registration with the SEC or pursuant to an exemption from these registration requirements. SEC Rule 144 has allowed securities to be resold without registration once they have been held one year, and in certain cases two years, and when other conditions have been satisfied.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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