SEC Proposes Change to Rule 144 Holding Period for Variable Rate Convertible Securities

On Dec. 22, 2020, the U.S. Securities and Exchange Commission (SEC) proposed rule changes that would require the mandatory six-month holding period under Rule 144 to begin at the time of conversion or exchange of a security rather than at the time the convertible or exchangeable security was originally acquired....
By: McGuireWoods LLP

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