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Thursday, November 13, 2014 1:58:36 PM
There is no brokerage in existence that would accept restricted shares for deposit before the one year holding period.
What about stock issued for services rendered? The restriction period on those began when the service was performed, not when the stock was issued.
This loophole is often used by dishonest promoters to receive "restricted" stock that are immediately eligible to have those legends removed and become free-trading.
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