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 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.

Can I sell unregistered securities under Rule 144?

There are several conditions to meet when you sell unregistered, restricted or control securities under Rule 144 in order to attain a “safe-harbor” exemption, meaning that you’ll be protected from penalty or liability so long as specific guidelines are followed. Before selling any restricted securities, you must hold them for a certain time period.