Practice Quiz

FINRA Series 7

Category - Series 7

Start a Study Session Sign up for Question of the Day
Which of the following would not be subject to the holding period restrictions under Rule 144?
  1. restricted stock acquired via investment letter
  2. restricted stock acquired via stock options plan
  3. restricted stock acquired via private placement
  4. restricted stock acquired via open market purchase
Explanation
Answer: D - restricted stock acquired via open market purchase. The two-year holding period does not apply when the security is acquired in the open market. However, if the security is owned by a control person, the other provisions of Rule 144 do apply.
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz