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 |
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Page 40
... tion was not available to the public , and the Rule was designed , to the extent feasible , to replace subjective criteria with objective standards . As was pointed out by Ken , all the conditions of the Rule must be fully satisfied in ...
... tion was not available to the public , and the Rule was designed , to the extent feasible , to replace subjective criteria with objective standards . As was pointed out by Ken , all the conditions of the Rule must be fully satisfied in ...
Page 90
... tion of Rule 144 was whether first of all , as a matter of policy Rule 144 should exclude reliance on Sections 2 ( 11 ) and 4 ( 1 ) by themselves . Should this be the only way by which you could dispose of restricted securities ? The ...
... tion of Rule 144 was whether first of all , as a matter of policy Rule 144 should exclude reliance on Sections 2 ( 11 ) and 4 ( 1 ) by themselves . Should this be the only way by which you could dispose of restricted securities ? The ...
Page 178
... tion of restricted securities . On the other hand , one should be careful because when you do have a controlling person who would be free to resell under 144 without a holding period , although subject to aggrega- tion , you still have ...
... tion of restricted securities . On the other hand , one should be careful because when you do have a controlling person who would be free to resell under 144 without a holding period , although subject to aggrega- tion , you still have ...
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