As amended in 2008, SEC Rule 144 imposes stricter requirements on securities resales of issuers subject to 1934 Act reporting requirements than on securities resales of non-reporting issuers.

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SEC Rule 144 provides a safe harbor for the sale of securities under the Securities Act of 1933, and as amended in 2008, it generally applies the same holding period requirements to both reporting and non-reporting issuers. However, it does impose some additional conditions on affiliates or insiders of the issuer, regardless of the issuer's reporting status.

As Amended in 2008, SEC Rule 144 Imposes Stricter Requirements