SEC Rule Amendments Will Add New Liquidity

Law360, New York (February 14, 2008, 12:00 AM EST) -- On Feb. 15, 2008, the most significant amendments in over a decade to Rule 144 under the Securities Act of 1933 will go into effect.

Rule 144 is the primary legal means, without Securities Act registration, by which (1) an affiliate (typically, a director, officer or significant shareholder) of the issuer may resell any securities of the issuer into the public market, and (2) anyone may resell “restricted securities” (typically, those acquired in exempt transactions and not in a registered offering or open-market purchase) into the...
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