Proposed reduction in the Rule 144 holding periods
Article Abstract:
The Securities and Exchange Commission (SEC) is expected to implement changes to the holding periods for restricted securities under Rule 144(d) and Rule 144(k). The Rule 144(d) holding period will be reduced from two years to one year, and the holding period of Rule 144(k) will decline from three years to two. These changes are expected to improve the market for restricted securities and reduce discounts placed on these securities. The Rule 145 holding period should be reduced as well to maintain consistency.
Publication Name: Securities Regulation Law Journal
Subject: Law
ISSN: 0097-9554
Year: 1996
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The SEC reduces the Rule 144 and Rule 145 holding periods and makes significant proposals in the Rule 144, Rule 145 and regulations areas
Article Abstract:
The SEC in February 1997 approved amendments reducing the holding periods for restricted securities under Rules 144(d) and 144(k). The Rule 144(d) period was reduced from two years to one, and the Rule 144(k) period from three years to two. In addition, certain holding periods under Rule 145(d) were reduced. The amendments will apply retroactively.
Publication Name: Securities Regulation Law Journal
Subject: Law
ISSN: 0097-9554
Year: 1997
User Contributions:
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