Tag: securities registration


SEC Fast Answer – Removing Restrictive Legends

“Restricted” securities are securities acquired in an unregistered, private sale from the issuing company or from an affiliate of the issuer. They typically bear a “restrictive” legend clearly stating that you may not resell them in the public marketplace unless the sale is exempt from the SEC’s registration requirements. Rule 144 under […]

FINRA Office

Robinhood’s CEO is not Licensed?

CNN is reporting that the CEO of Robinhood is not licensed with seclaw.com/glossary/finra/” data-gt-translate-attributes='[{“attribute”:”data-cmtooltip”, “format”:”html”}]’>FINRA and implies that he is required to be licensed and that it is a “big deal” that he is not licensed. CNN is correct that absent an exemption, FINRA requires senior executives of a broker-dealer, including the […]