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Finance Dictionary and Glossary of Investment Terms
Rule 144
Definition 1.
Restricts solicitation of buyers to complete the sell order of an insider (unless the firm is already a buyer); signified by a flashing "E" on Quotron.
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Definition 2.
An SEC rule specifying the conditions under which a holder of unregistered securities may publicly sell them without filing a formal registration statement. This rule allows executives who hold very large blocks of their company's stock to sell a portion of that stock every six months without SEC registration, provided that they have already held the stock for two years.
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