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SEC Eases Requirements For Private Stock Purchasers

Law360 (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...
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