Rule 144: Facilitating the Resale of Restricted and Control Securities

Rule 144 is a regulation under the U.S. Securities Act of 1933 that provides guidelines for the resale of restricted and control securities to promote compliance with securities laws.

Rule 144 is a regulation enforced by the U.S. Securities and Exchange Commission (SEC) under the Securities Act of 1933. It provides a framework for the public resale of restricted and control securities under certain conditions, thereby helping maintain an orderly and efficient securities market.

Restricted Securities§

Control Securities§

Conditions for Resale§

Holding Period§

Adequate Current Information§

Trading Volume Formula§

Ordinary Brokerage Transactions§

Filing a Notice with the SEC§

Types of Securities Covered§

Examples and Application of Rule 144§

Historical Context§

Applicability of Rule 144§

Comparison with Other Regulations§

Rule 144 vs Rule 144A§

Rule 144 vs Section 4(a)(1)§

Related Terms and Definitions§

Restricted Securities§

Control Securities§

Public Sale§

Form 144§

Frequently Asked Questions about Rule 144§

What is the purpose of Rule 144?§

Who must comply with Rule 144?§

How does Rule 144 benefit investors?§

References§

Summary§