Rule 144 Changes Effective February 15, 2008

On December 15, the SEC's release incorporating all the Rule 144 changes was published in the Federal Register. This means the changes will be effective on February 15, 2008. As a reminder, the new Rule 144 holding periods are retroactive, and relate to securities whether purchased before or after February 15.

In the next few days I will post a number of thoughts on the major change incorporated in the release concerning the so-called Worm/Wulff letters.

Greetings of the season to all!