News & Analysis as of

Rule 144 Securities and Exchange Commission (SEC) Enforcement Actions

Skadden, Arps, Slate, Meagher & Flom LLP

Proposed 2025 Amendments to the Delaware General Corporation Law

For decades, Delaware has been widely regarded as the leading forum for incorporation in the United States. More than half of all publicly traded U.S. companies, including more than two-thirds of the Fortune 500, have made...more

Wilson Sonsini Goodrich & Rosati

SEC Seeks to Amend Rule 144 Holding Period for Certain Securities and Form 144 Filings

Last week, the U.S. Securities and Exchange Commission (SEC) proposed amendments to Rule 144 to revise the holding period by limiting tacking for certain market-adjustable securities and to Form 144 filings. ...more

Sullivan & Worcester

SEC COVID-19 Relief: Forms 144

Sullivan & Worcester on

The SEC staff is providing temporary relief to those affected by COVID-19 regarding Forms 144 submitted for the period from and including April 10, 2020 to June 30, 2020. The Division of Corporation Finance staff will allow...more

Allen Matkins

Judge Finds That Transfer Agent's Failure To Remove Restrictive Legend May Be Actionable

Allen Matkins on

Transfer agents can find themselves in a difficult position when it comes to removing restrictive legends on stock certificates. On the one hand, the Securities and Exchange Commission may take enforcement action against...more

Allen Matkins

Court Reminds SEC That Rule 144 Is A Non-Exclusive Safe Harbor

Allen Matkins on

Just over five years ago, Barry Epling went to breakfast with two of his business colleagues. At the breakfast, he discussed his relationship with Hemp, Inc., explaining that he and his long-time friend and business advisor,...more

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