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Transfer Agent Option Lawyers

Count on our Texas corporate finance attorneys to handle your transaction

The corporate finance attorneys at Brewer & Pritchard, P.C. have extensive experience navigating rules and regulations set by the Securities and Exchange Commission (SEC). This includes assisting shareholders, stockbrokers, corporate issuers and others who may need to make public sales of restricted securities. We can process these complex opinions efficiently so you can have the freedom to make the best decisions for your business.

What is Rule 144 and how does it relate to Transfer Agent Options?

Included as part of the Securities Act of 1933, Rule 144 is the most common means for holders to sell restricted securities. These securities are obtained in an unregistered, private sale from the issuing company or an affiliate. These securities cannot be sold publicly unless they qualify for an exemption due to restrictions outlined on the security certificate. Such a restriction is commonly referred to as a “restrictive legend.” A third party known as a “transfer agent” must remove the restrictive legend from the security certificate for the sale to be finalized under Rule 144.

In most cases, a transfer agent will only remove a restrictive legend if given an opinion letter by the issuer’s counsel. Preparing and submitting these opinion letters can be a complex process that involves inquiries to and from shareholders, stockbrokers, issuers, transfer agents and other parties. If a mistake is made at any point in the process, you may not be able to have the restrictive legend removed.

This is where an experienced transfer agent opinion attorney can make a significant difference. As part of our corporate finance practice, we know how to assist those who need to make public securities sales in an efficient and accurate manner.

In addition to Rule 144, we are familiar with other exemptions under Rule 144(k), Rule 145 and Rule 701. If you believe your desired transaction may be covered under those exemptions, we can help you navigate your way through this complex legal territory.

Transfer agent opinions prepared accurately and efficiently

Removing a restrictive legend is a complex process, with potentially serious consequences for you and your business if it is not completed properly. That’s why it’s so important to contact an experienced attorney in a timely manner. That way, we can help you prepare all necessary documents and make all necessary inquiries.

Discover what our firm can do for you. Call today: 713-209-2950. You can count on our corporate finance attorneys when the stakes are high.

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