Review Topics
Practice Exams
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  • 1.

    Assume that Facebook was already publicly traded and had 1,500,000 shares outstanding. The CFO has held 50,000 shares for one year. He files Form 144 on August 22. Previous weekly trading volume in Facebook's restricted shares is as follows:

    Week Ending Volume
    August 19 15,100
    August 12 16,000
    August 5 14,500
    July 29 15,000
    July 22 17,000

    How many shares can the CFO sell under Rule 144?

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  • 2.

    All of the following statements about federal covered securities are true, except:

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