Transaction Indication News Today

Date: 06/05/2023 08:15 AM Toppan Merrill ... | June 6, 2023

To embed, copy and paste the code into your website or blog: Surprise!  Yesterday, the SEC announced that it had voted, without an open meeting, to propose amendments to Rule 144 to revise the method for determining the holding period—essentially eliminating tacking—for securities “acquired upon the conversion or exchange of certain ‘market-adjustable securities.’ The proposed amendment is intended to reduce the risk of unregistered distributions in connection with sales of those se...