Rule 145

Rule 145

An SEC rule allowing the sale of certain securities without first registering the securities with the SEC. Specifically, stocks an investor has acquired as the result of a merger, acquisition, or reclassification do not need to be registered prior to sale. Rule 145 allows investors more flexibility following the uncertainty of, say, a merger.

Rule 145

An SEC rule that permits investors who acquire certain securities from consolidations, mergers, or reclassifications to transfer those securities without having them registered.