Buzz Archive:
SEC Changes to Rules 144 and 145

by Howard E. Berkenblit, Partner, Sullivan & Worcester LLP, 6/17/2008

The Securities and Exchange Commission has adopted rule changes that will make it much easier for investors to sell securities they acquire in both private and public companies. These changes are expected to decrease the cost of raising capital and enhance the perceived value of stock used as consideration in acquisitions, with minimal impact on investor protection. These reforms are part of a broader package of changes being approved piece by piece by the SEC intended to make capital raising in the U.S. more efficient, particularly for smaller companies.

This week, Howard E. Berkenblit of Sullivan & Worcester LLP give a fantastic overview of these changes.