Rule 145

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.

---

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.