SEC Clarifies Guidance on Rule 144 Resales of Restricted Securities Following Partnership Distributions

SEC Clarifies Guidance on Rule 144 Resales of Restricted Securities Following Partnership Distributions

Client News
On January 26, 2009, the staff of the Division of Corporation Finance of the Securities and Exchange Commission (SEC) issued new Compliance and Disclosure Interpretations regarding Rule 144 resales of restricted securities following the distribution of such securities by investment partnerships, such as venture capital partnerships. For more on the new Compliance and Disclosure Interpretations and Rule 144, see our recent Email Alert.

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