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.

Question

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The 2008 amendments to SEC Rule 144 actually eased the requirements for resales of securities of reporting issuers compared to non-reporting issuers, by reducing the holding period for restricted securities of reporting issuers.

As Amended in 2008, SEC Rule 144 Imposes Stricter Requirements