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Simple English definitions for legal terms

Rule 144A

Read a random definition: FTCA

A quick definition of Rule 144A:

Rule 144A is a rule made by the Securities Exchange Commission (SEC) that allows people who buy securities in a private sale to sell them to big investors called qualified institutional buyers (QIBs). This is different from normal private sales where you can't sell the securities you buy. To use Rule 144A, the seller has to make sure the buyer knows they are using this rule, the securities can't be the same as ones traded on a stock exchange, and the buyer can ask for information from the original seller. This rule makes private sales more attractive because it makes it easier for big investors to buy and sell these securities.

A more thorough explanation:

Rule 144A is a regulation created by the Securities Exchange Commission (SEC) that allows purchasers of securities in a private placement to resell their securities to qualified institutional buyers (QIBs) under certain conditions.

For example, if a company issues securities in a private placement to a group of institutional investors, those investors can then resell those securities to other qualified institutional buyers under Rule 144A. This increases the liquidity of the securities and makes private placements more attractive to issuers.

To qualify for resale under Rule 144A, the securities must not be of the same class as securities traded on a national securities exchange, and the purchaser must have the right to request information from the original issuer of the security. The seller must also take affirmative steps to ensure that the buyer is aware that the seller relies on Rule 144A to sell their security.

Overall, Rule 144A makes it easier for institutional investors to buy and sell securities in private placements, which can benefit both issuers and investors.

Rule 10b-5 | Rule 504

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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