What is SEC Rule 144?

Rule 144 is a regulation enforced by the U.S. Securities and Exchange Commission (SEC) that sets the conditions for the sale or resale of restricted, unregistered, and control securities. Rule 144 provides an exemption from registration requirements for the sale of securities through the public markets if a number of specific conditions are met.

Does Rule 144 allow public resale of restricted and Control Securities?

Rule 144 allows public resale of restricted and control securities if a number of conditions are met. This overview tells you what you need to know about selling your restricted or control securities. It also describes how to have a restrictive legend removed. What Are Restricted and Control Securities?

What if a sale of securities complies with Rule 144?

If a sale of securities complies with all of the applicable conditions of Rule 144: 1. Any affiliate or other person who sells restricted securities will be deemed not to be engaged in a distribution and therefore not an underwriter for that transaction; 2.