SEC Eases Requirements For Private Stock Purchasers

Law360, New York (November 16, 2007, 12:00 AM EST) -- Private stock sales will now be much less arduous for companies looking to raise capital outside of the public markets, thanks to a recently approved SEC proposal that will modify the rules governing private issuance.

At a public meeting on Thursday, the SEC approved revisions to Rule 144, which sets a mandatory holding period for privately issued securities.

“One of the rather surprising things that happened yesterday was the approval of a rule proposal that came out this summer saying well, we ought to limit that...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.