SIE Exam Question 629: Answer and Explanation

Question: 629

Which of the following rules permits the public resale of restricted or control securities if a number of conditions are met, including how long the securities are held, the way in which they are sold, and the amount that can be sold at any one time?

  • A. Securities Act Rule 144
  • B. Securities Act Rule 405
  • C. Securities Act Rule 433
  • D. Securities Act Rule 506

Correct Answer: A

Explanation:

Securities Act Rule 144 permits the public resale of restricted or control securities if a number of conditions are met, including how long the securities are held, the way in which they are sold, and the amount that can be sold at any one time.

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