- Rule 144
USAAn SEC rule that permits resales or secondary distributions of restricted securities and control securities. Rule 144 of the Securities Act provides that a compliant resale does not involve a distribution of securities. So, a person complying with Rule 144 for his resale is not an underwriter (within the meaning of Section 2(11) of the Securities Act) and can rely on Section 4(<<1)}} of the Securities Act for the unregistered resale of his securities.Although Rule 144 purports to be non-exclusive, in practice, it is the primary method for an affiliate to resell his securities.To rely on Rule 144, a seller must have held the securities of a reporting company for at least six months (the holding period for securities of a non-reporting company is one year). After the holding period has expired, Rule 144 may impose other conditions (such as adequate current public information about the issuer, volume limitations, manner of sale limitations and filing a Form 144 notice with the SEC) depending on whether or not the seller is an affiliate of the issuer at the time of the Rule 144 sale and for the three months preceding the sale.For more information on these conditions, see Practice Note, Resales Under Rule 144 (www.practicallaw.com/4-382-8769).
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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Rule 144 — See SEC Rule 144. American Banker Glossary Restricts solicitation of buyers to complete the sell order of an insider ( insiders) (unless the firm is already a buyer); signified by a flashing E on Quotron. Bloomberg Financial Dictionary … Financial and business terms
Rule 144 — A Securities and Exchange Commission rule that sets the conditions under which restricted, unregistered and control securities can be sold. These are the five conditions that must be met for these securities to be sold: 1. The prescribed holding… … Investment dictionary
SEC Rule 144 — A rule issued by the SEC that governs stock issued under special circumstances. See control stock, dribble rule and restricted stock. American Banker Glossary … Financial and business terms
Rule 701 — USA A rule under the Securities Act that provides a holder of unregistered securities received pursuant to a written compensatory benefit plan may resell those securities in the public markets without registration under the Securities Act. In… … Law dictionary
144 (number) — ← 143 145 → 144 ← 140 141 142 143 144 145 146 … Wikipedia
Rule 144A — Die Börsen und Aktiengesetze der Vereinigten Staaten sind die Gesetze, die die Einrichtung und den Umgang mit Börsen, Aktiengesellschaften, Aktien und sonstigen börsennotierten Finanzprodukten in den Vereinigten Staaten regeln. Inhaltsverzeichnis … Deutsch Wikipedia
Form 144 — On December 6, 2007, the SEC published final rules revising Rule 144 under the Securities Act of 1933, which regulates the resale of restricted securities and securities held by affiliates. The amendments to Rule 144, among other things:#Shorten… … Wikipedia
Form 144 — A form that must be filed with the SEC when an executive officer, director, or affiliate of a company places an order to sell that company s stock. Also known as Rule 144. There are five basic requirements fill in order to sell under 144: 1. The… … Investment dictionary
dribble rule — An unofficial name for a provision in Securities and Exchange Commission Rule 144. The dribble rule is a limit on how much restricted or controlled stock can be sold within a period. American Banker Glossary … Financial and business terms
Net capital rule — The uniform net capital rule is a rule created by the U.S. Securities and Exchange Commission ( SEC ) in 1975 to regulate directly the ability of broker dealers to meet their financial obligations to customers and other creditors. Broker… … Wikipedia