Series 79 practice questionmediumRule 144
An affiliate of a listed company wants to sell restricted stock under Rule 144. Which is a condition for sales under Rule 144?
- ANo volume limitations apply
- BAdequate current public information about the issuer must be available✓ Correct answer
- CThe stock must be held at least 36 months
- DSales must be made only in registered offerings
Explanation
Why B — Adequate current public information about the issuer must be available
Current public information is required for Rule 144 sales. The trap is confusing this with other requirements or assuming only holding period is important.
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