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Do I need to intend to actually sell the restricted stock to get a Rule 144 opinion?

April 26, 2017actually intend Opinion rule sell stock

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Do I need to intend to actually sell the restricted stock to get a Rule 144 opinion?

1 Answer

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Only an affiliate of the issuing company must intend to sell the restricted stock in order to obtain an opinion (through the seller’s broker). A non-affiliate is not required to intend to sell in order to get an opinion and a certificate without a legend.