SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Market Makers - What They Do and How They Do It
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Savant who wrote (391)8/30/2000 1:30:34 AM
From: Fundamentls  Read Replies (1) of 429
 
The rule 144 limitations are many, complicated, and interesting. I wonder if anyone actually does the oversight on all of them. The SEC is under staffed and under funded. They have a tough job, with insufficient resources.

Having sold stock under Sec 144, I was under the impression (right or wrong) that the transfer agent is actually responsible for verifying the tradability of any restricted stock (whether restricted due to lack of registration or due to lockup). The certs have the restrictions indicated and the transfer agent has to reissue them to eliminate this, so this explanation made sense to me. I have no idea what sort of oversight exists, but my sense was that the brokerage wasn't going to touch that stock until the transfer agent gave them the all-clear signal.

Maybe someone else can shed more light on this one.

Regards,
Fund
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News