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 31
... provisions of Section 5 for a broker who sells in compliance with the Rule . Why is it necessary ? Of course , the broker needs the exemption , but the substantive impact of Rule 154 is to permit a controlling person to sell shares of ...
... provisions of Section 5 for a broker who sells in compliance with the Rule . Why is it necessary ? Of course , the broker needs the exemption , but the substantive impact of Rule 154 is to permit a controlling person to sell shares of ...
Page 41
... provision ( c ) of the Rule ( Current Public Informa- tion , Filing of Reports ) what does the phrase " and in addition has filed the most recent annual report required to be filed thereunder " mean ? What does that phrase mean within ...
... provision ( c ) of the Rule ( Current Public Informa- tion , Filing of Reports ) what does the phrase " and in addition has filed the most recent annual report required to be filed thereunder " mean ? What does that phrase mean within ...
Page 96
... provisions of 144 , and then after another six months I want to sell the rest of the block under prior interpreta ... provision that is being discussed is Provision 4 ( b ) on page 21 in the Rule , Determination of Holding Period . Now ...
... provisions of 144 , and then after another six months I want to sell the rest of the block under prior interpreta ... provision that is being discussed is Provision 4 ( b ) on page 21 in the Rule , Determination of Holding Period . Now ...
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