ALI-ABA Course of Study on SEC Rule 144--Restricted Securities and Non-underwritten DistributionJoint committee on Continuing Legal Education of the American Law Institute and the American Bar Association, 1972 - Privately placed securities - 243 pages |
From inside the book
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Page 10
... exemptions was this : Don't you have a danger if someone relies on the pri- vate offering exemption in Section 4 ( 2 ) that those people will be conduits , that they will turn around and resell and expand out the offering , so that you ...
... exemptions was this : Don't you have a danger if someone relies on the pri- vate offering exemption in Section 4 ( 2 ) that those people will be conduits , that they will turn around and resell and expand out the offering , so that you ...
Page 11
... exemption under Section 4 ( 1 ) since there is no under- writer present . But when the person who buys from the controlling person resells , he must find an exemption . The one he generally would look to is Section 4 ( 1 ) , but if it ...
... exemption under Section 4 ( 1 ) since there is no under- writer present . But when the person who buys from the controlling person resells , he must find an exemption . The one he generally would look to is Section 4 ( 1 ) , but if it ...
Page 31
... exemption for sale by a controlling person , he would effectively be precluded from selling publicly any time a broker was in- volved , Rule 154 provides an exemption for the broker's part of the transaction in a sale by a controlling ...
... exemption for sale by a controlling person , he would effectively be precluded from selling publicly any time a broker was in- volved , Rule 154 provides an exemption for the broker's part of the transaction in a sale by a controlling ...
Contents
MORNING SESSION | 1 |
The Statutory Framework | 11 |
The Fungibility Doctrine | 24 |
Copyright | |
9 other sections not shown
Common terms and phrases
133 transaction 90 days ABA ALL ABA account executive affiliate aggregate amount of securities apply April 15 BIALKIN broker broker-dealer broker's transaction brokerage firm Bruce CAVALLARO cent change of circumstances CIONE client Commission compliance controlling person convertible securities Corporation counsel dealer disclosure effect exemption Ezra fact filed FITZPATRICK fungibility GARRETT going holding period indicated investment intent investors involved issue issuer legend MANN market maker market-maker Merrill Lynch NASDAQ no-action letter number of shares opinion paragraph pink sheets pledgee pledgor private placement problem prospectus provisions public offering purchased pursuant question Ray Garrett registration statement reporting company resale restricted securities restricted stock Section securities acquired Securities Act securities sold sell under Rule seller selling security shelf registration situation solicitation SOMMER staff suppose thing tion trading transfer agent underwriter unsolicited wants to sell WEISS York Stock Exchange