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One of the most common exemptions employed by shareholders and securities brokers who wish to publicly resell securities with a restrictive legend is Rule 144. Responsibility for compliance with the accompanying conditions falls upon the seller of the securities, not the potential buyer.Part of the process to use Rule 144 in the removal of these restrictions is to obtain opinion letters from the securities’ issuer or their legal counsel before a transfer agent can remove the legend preventing the sale. It can be a complicated affair and the advice of experienced counsel – l...

When you need to get a legal opinion on a specific issue, you may turn to a lawyer for a legal opinion letter. This is a document in which a lawyer spells out their professional opinion on a certain matter.An opinion letter can be very helpful if you’re trying to make a decision and want to know what the potential consequences of your choice might be. It can also help if you’re involved in a legal dispute and need to know where you stand.In order to write an opinion letter, the lawyer will need to gather information about the situation and do legal research, and then they w...