SIE: SEC Rule 144A: Private Resales To Qualified Institutional Buyers

Taken from our SIE Online Guide

SEC Rule 144A: Private Resales to Qualified Institutional Buyers

As discussed above, purchasers of restricted securities are subject to holding periods. Rule 144A, however, allows issuers and non-issuers to sell restricted securities to qualified institutional buyers (QIBs) without restrictions. Once a qualified institutional buyer purchases a restricted security, it

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