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.