Question

Under SEC rules, filing of the Form 144, required when selling restricted stock, is the responsibility of the:________. A. issuer B. broker-dealer C. seller D. transfer agent

Answer 1

Answer: C. seller

Explanation:

The filing of SEC Form 144 is the responsibility of a representative of the company that wishes to sell the stock. The company can be represented by an executive officer, a director, or a recognised affiliate of the company.

This form is filled when the restricted stock to be sold either exceeds 5,000 in number or would command a price greater than $50,000.