Restricted securities opinions since 2002 602-957-9320 · Ext. 1
Logan Law Firm PLC

RULE 144 OPINION LETTERS

Restricted shares.
A clearer next step.

Need an opinion letter to sell or transfer your stock? Get straightforward guidance and an attorney-prepared opinion from Logan Law Firm.

Find your next step See how it works

Attorney-prepared. Personally reviewed.

LET’S START WITH YOU

What brings you here?

Choose your role for a clear place to begin.

01

I’m a shareholder

I need to sell, transfer, or remove a restriction from my shares.

Get help with your shares
02

I’m a broker

I need a legal opinion to help clear a client’s transaction.

Get transaction guidance
03

I’m a transfer agent or issuer

I need documentation or guidance for restricted securities.

Discuss your requirements

FOR SHAREHOLDERS

Start with the shares you own.

You don’t need to know which exemption applies. Tell us what you’d like to do, and we’ll review the situation.

View the firm’s document instructions

Useful documents to have ready

  • A current transfer-agent account statement
  • The agreement showing how you acquired the shares
  • Proof of payment, if you paid for the shares
Call 602-957-9320, Ext. 1

FOR BROKERS & COMPLIANCE TEAMS

Move the review forward.

Bring us the transaction details and your firm’s opinion requirements so we can identify what’s needed.

Services for brokers

Helpful context for the conversation

  • The issuer and the shares involved
  • Your compliance team’s questions or requirements
  • Available acquisition and ownership records
Call 602-957-9320, Ext. 1

FOR TRANSFER AGENTS & ISSUERS

Clarify the documentation you need.

Discuss the proposed transfer, the restrictive legend, and any questions that need to be addressed in an opinion.

Services for your organization

Helpful context for the conversation

  • The issuer, shareholder and proposed transaction
  • Your documentation or opinion requirements
  • The contact coordinating the matter
Call 602-957-9320, Ext. 1

HOW IT WORKS

From your first question
to your opinion letter.

A straightforward process.
An attorney at every important step.

  1. 01

    Tell us what you need

    Start with the company, the shares and what you want to do with them.

  2. 02

    We review the details

    We explain the information needed and provide an estimate for your matter.

  3. 03

    We prepare the opinion

    If your transaction qualifies, your attorney prepares the legal opinion.

  4. 04

    Take the next step

    Coordinate with your broker or transfer agent on their remaining requirements.

Not sure where to start? A conversation is enough.Call the firm

FOCUSED LEGAL SERVICES

Specialized help.
For your situation.

Whether you’re holding a stock certificate or navigating a more complex transaction, start with counsel who understands restricted securities.

Explore all firm services

Rule 144 & legend removal

Opinion letters for qualifying resales and the removal of restrictive legends from stock.

Complex stock acquisitions

Guidance for shares received as compensation, through a conversion, or by exercising a warrant or option.

Other resale exemptions

Review of Section 4(a)(1), private-sale exemptions and Regulation S matters where applicable.

LOGAN LAW FIRM PLC · PHOENIX, ARIZONA

Meet the people
behind your opinion.

Ron began preparing restricted-securities opinions in 2002 to help shareholders who struggled to find this specialized service at a fair price. He established Logan Law Firm PLC in 2006. The practice serves shareholders in the U.S. and abroad.

2002Restricted-securities opinion work began
2006Logan Law Firm PLC established
Ronald J. Logan

OWNER & ATTORNEY

Ronald J. Logan

Restricted securities counsel

In private practice in Phoenix since 1973, Ron advises investors and emerging companies, with a focus on restricted-securities opinions.

Professional recognition
Martindale-Hubbell AV rating for legal ability and ethical standards.
Education
University of North Carolina at Chapel Hill
B.A., Journalism · 1966   /   J.D. · 1971
Craig Jorgensen

ASSOCIATE ATTORNEY

Craig Jorgensen

Restricted securities counsel

Craig joined the firm in 2020. His background at J.P. Morgan Private Bank and Scottsdale Capital Advisors includes securities transactions and broker-dealer compliance.

Licensed in
New York, Tennessee and Utah.
Education
Ave Maria School of Law
J.D. · 2008

Both attorneys presented advanced continuing legal education on restricted-securities resale opinions in April 2025.

Full attorney profiles

A FEW COMMON QUESTIONS

Clarity before
you get started.

Have a question about your shares?

Speak with the firm Illustration of Phoenix architecture and desert mountains

Frequently Asked Questions

What is a Rule 144 opinion letter?

It is an attorney’s opinion about whether a transaction involving restricted or control securities satisfies the applicable requirements of Rule 144. Your broker or transfer agent may request one as part of their review.

Does an opinion guarantee I can sell my shares?

No. An opinion is one part of the process. The issuer, transfer agent and broker may have additional requirements, and acceptance is not guaranteed. Read the firm’s policy

How much will my opinion cost?

The $575 routine fee applies to affiliate and non-affiliate opinions for a single private-placement purchase directly from the public company, with all necessary documents available. Compensation shares, warrant or option exercises, conversions and other complex matters cost more. You receive an estimate before you commit.

What if I don’t have all the documents?

Start by discussing what you have. The firm can explain what else is needed to review your situation. See the initial document list

What if Rule 144 isn’t available?

Another resale exemption may be available depending on your circumstances. The firm can review the facts and discuss whether an alternative opinion is appropriate.

LET’S MAKE THE NEXT STEP SIMPLE

Start with a conversation.

Tell us about your shares. We’ll help you understand what comes next.

602-957-9320, Ext. 1Use the firm’s contact form