Rule 144 Opinion Letters

The Federal Securities Act of 1933 requires companies to register stock and securities with the SEC prior to selling them, unless they are exempt from registration. SEC Rule 144 provides a safe harbor exemption from registration for shareholders selling restricted securities in public transactions. SEC Rule 144 requires certain information, including the amount of shares being sold, the affiliation of the shareholder with the company, the period of time the shares were held, and other criteria. We are very experienced in working with the various parties involved to produce an opinion letter that allows the shareholders to meet the requirements under Rule 144 and sell their shares.