I think Options were omitted, which are
I. fully paid
II. either properly margined or fully paid
III. held for at least 6 months
IV. held for at least 1 year
Answer:I. fully paid
, III. held for at least 6 months
Explanation: Rule 144 enforced by the U.S. Securities and Exchange Commission (SEC) regulates the conditions securities (stock ) whether restricted, unregistered or controlled can be allowed for sale or resale
The conditions include
--That adequate public information about a company should be made known to investors
--That 1% of outstanding shares can be sold every thee months by an seller especially as an affiliate of a company
--The firm is cannot solicit buy orders or permitted to receive commissions in excess of their normal rates.
----A seller must file the 144 "Notice of Sale" with the SEC at or before the placement of the sell order
Above all the holding period of 6 months which starts from when the holder or buyer has fully paid for securities and this applies mainly to restricted securities.
