Tag Archives: rule 144

Is a Pink Current Issuer “Fully Reporting” Under Rule 144?

Current Public Information Under SEC Rule 144 Yes, even though Pink Sheets are not “SEC reporting” a Pink Current Issuer on OTCMarkets.com can be considered “fully reporting” under Rule 144. One of the important elements of SEC Rule 144 is … Continue reading

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144 Stock in Exchange for Consulting Services

When Does My Holding Period Start if I Receive 144 Stock for Consulting? If you provide consulting services for the issuing company, under SEC Rule 144, your holding period begins only after you have actually and completely performed the services.  … Continue reading

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What Are The Exceptions to SEC Rule 144?

Some Examples of Exceptions to Rule 144 Stock included in a Registration Statement is not subject to Rule 144 if sold exactly as described in the Issuer’s Prospectus.  If not sold exactly as specified then Rule 144 is applied. Stock … Continue reading

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Do I Need a Broker To Obtain A Rule 144 Opinion to Sell Restricted Stock?

Under Rule 144 Only Affiliates of the Issuer Need a Broker to Sell Only an Affiliate of the Issuer must engage a Broker in order to sell stock of the issuing company (both restricted and unrestricted stock) into the public … Continue reading

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Since Rule 144 Doesn’t Apply to Private Sales Why Do I Need a 144 Opinion Letter?

Even if your restricted 144 stock was acquired by gift or from a private sale transaction, the issuer’s  Transfer Agent (and the issuing company itself) will nevertheless still require a 144 opinion letter because the letter is not designed to … Continue reading

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How Long Will My Form 144 Last?

How long is my Form 144 valid after I submit to the SEC? If you’re an Affiliate of the issuing company, your Form 144 is valid for three (3) months from the date you filed it with the SEC. What Happens … Continue reading

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After I Sign SEC Form 144, How Long Do I Have To Sell My Restricted Stock?

Ninety (90) Days.  As an Affiliate of the issuer, your Form 144 is valid  for three (3) months from the filing date. But if some of your 144 restricted stock remains unsold after that time frame, you can fill out … Continue reading

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When Does SEC Rule 144 Apply?

When does Rule 144 apply? Rule 144 applies under two circumstances: When anyone wants to sell restricted stock into the public securities markets using a brokerage firm; and When an Affiliate, or control person of an issuing company wants to … Continue reading

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What is a Rule 144 Opinion Letter?

144 Letters Follow Careful Investigation By Securities Attorneys A Rule 144 Opinion Letter is written by a qualified securities attorney after careful investigation of a company’s history, prior SEC filings, and other supporting documents signed by the Shareholder and company … Continue reading

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Does Rule 144 Require Me to Sell My Stock to Remove the Restrictive Legend?

Yes, Rule 144 requires you to sell your stock to remove the restrictive legend.  Rule 144 cannot be used to remove the restriction on securities you do not intend to sell.  (The one exception to this is that securities that … Continue reading

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