Securities Training: Udates to Rule 144 for securities exams

The Holding Period for Rule 144 has been Reduced to 6 MonthsIndividuals who are not affiliated with the company (non affiliates) may freely sell their unregistered securities without any volume restrictions after 6 months. Affiliates who are officers, directors or 10% holder may also sell unregistered securities after 6 months but are still subject to the volume limitations of Rule 144 and must still file form 144 at the time of sale.De Minimis Threshold RaisedThe volume and dollar amount of securities an affiliate may sell with out reporting has been increased. An affiliate in any 90-day period, may sell up to 5,000 shares or may sell stock with a value of $50,000 or less without having to file Form 144.Standard Rule 144 Volume Restrictions Still ApplyUnder Rule 144 the maximum number of shares that can be sold by an affiliate in any 90-day period is the greater of:· 1% of the issuer's total shares outstanding; or· the weekly average of the prior four weeks trading volume.take some free exam questions on our site at: http://www.securitiesce.com/