Before an affiliate of an issuer is permitted to sell 10,000 shares of restricted securities,...

Vendor: FINRA
Product: SIE
Update on: Aug 19, 2026
Questions: 410

FINRA SIE Question Answer

Before an affiliate of an issuer is permitted to sell 10,000 shares of restricted securities, which of the following conditions must be met?

The affiliate must have a holding period of six months.

The company must be traded on a listed stock exchange.

The issuer must notify FINRA of the proposed sale by submitting a Form 144.

The shares to be sold must be less than 10% of the average daily trading volume (ADTV) of the security.

FINRA SIE Summary

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