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
Results 1-3 of 48
Page 14
thereabouts , it seemed obvious that the converse of view to distribution is investment intent . So came about the investment letter . Issuer's counsel in a private placement attempting to protect his client would get a contemporaneous ...
thereabouts , it seemed obvious that the converse of view to distribution is investment intent . So came about the investment letter . Issuer's counsel in a private placement attempting to protect his client would get a contemporaneous ...
Page 26
... investment with private shares purchased from the issuer . " The net effect would be that the issuer would be financed by a new private issue , for which it would raise capital without registration , and the shares held by the person ...
... investment with private shares purchased from the issuer . " The net effect would be that the issuer would be financed by a new private issue , for which it would raise capital without registration , and the shares held by the person ...
Page 29
... investment risk from the holder of the securities , and the removal of the investment risk , of course , terminates a holding period at that time . So your holding period is tolled by any time when your investment risk is interrupted ...
... investment risk from the holder of the securities , and the removal of the investment risk , of course , terminates a holding period at that time . So your holding period is tolled by any time when your investment risk is interrupted ...
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